Broker Check

ELECTION 2016

November 09, 2016
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ELECTION 2016

The 2016 Presidential Election has come to a close and Donald J. Trump will be the 45th President of the United States of America. It will take some time before we have a firm understanding of the long-term market implications of the election and the policies of the Trump administration.

Tuesday night the stock market futures created headlines indicating a large sell-off for the opening this morning, but the U.S. stock market opened up and as of this writing markets are trending well into positive territory for the day. At present, the country appears to be on more solid economic footing with third quarter GDP coming in at 2.9% and corporate earnings posting their strongest quarter since 2014 (on the heels of a more stable dollar and more stable oil prices). Additionally, the Federal Reserve has demonstrated a willingness to act based on economic data and we are convinced they will carefully consider all available information as December's highly anticipated meeting approaches.

We continue to maintain a long term investment philosophy and recognize that strategically diversified portfolios tailored to individual risk tolerances remain the best way for your investments to absorb the impact of future market volatility.

As always, please do not hesitate to contact us if you'd like to discuss things further.