After the presidential election and its surprising results, I offer a brief note on the financial implications.
Donald Trump’s victory will create uncertainty in the financial markets going forward but at the same time in the near term create certainty in the form of a final outcome after many distressing months of ugly debate. Regardless of your politics, market price movements ahead may be a cause for anxiety, so I wanted to reiterate that we have a strategy, which doesn’t dwell on panic market moves, works to address potential pitfalls along with opportunities. I don’t think this moment is an occasion to speculate on investment sector winners and losers. A Trump presidency can mean many things, so I believe that guessing who gains and loses at this point is premature and unproductive.
Enclosed is your Investment Report for the most recent quarter ending September 30, 2016.The S&P 500 was up 3.3% for the quarter. Virtually all of the quarterly gain in the stock market came in July with August and September being quiet and a little negative.
We have made it half way through the year. It has been a roller coaster ride for stocks but less so for income oriented investments. We began the year in February with a major sell off in the stock market and then a V shape rebound.