On this blog I have tried to tell you Elections a setting to make good investments. I covered the US Election on this blog and told you to look at history to make the best investment decisions.
I gave you a chart showing a typical market pattern around Elections. This chart showed you a hesitant market pre and a rally post Elections. You could have made a killing believing in this pattern. The S&P500 up more than 10% since.
My take in my January 30 blog “Trending Sideways” was when the new direction after a sideways market commenced follow that direction. Hope you bought in after the US jobs report February 3. We have had a nice little rally.
Trump has promised growth, tax cuts & reduced regulations, all good for the market.
I have to say relief and optimism post Election Day can explain some of the gains in the market. It is not that Trump won the Election that creates the market rally, there is often such a pattern outlined above around many major Elections.
An improving economy has helped on the situation. A boost after Election been helped by the improving economy creating the market rally. The January jobs report on the positive side.
I told you the initial post Election rally gave me a positive forward look. It will be interesting now to see the February jobs report and see if the economy still on track. Hope some of you have been riding the Market Bull.