09 Nov GLC Market Matters
Market response to the US election results – Another vote against the “Establishment”
Americans have spoken and…
Mr. Donald Trump will be inaugurated as the 45th President of the United States on January 20th, 2017, becoming the first non-politician/non-military veteran President. Following a wave of dissatisfaction with the status-quo, disenchantment over the benefits (or the distribution of the benefits) of globalization, and fears surrounding economic, social and political threats from immigration, Americans turfed the “Washington Establishment” personified by Hillary Clinton and the Democratic Party. Piling on to Mr. Trump’s victory is a sweep of both Congressional Chambers. The years of ‘gridlock’ are gone as the Republican’s hold majorities in both the Senate and the House of Representatives.
Markets don’t like uncertainty, but they are getting used to it.