Today, the stock market staged a huge rally as it appeared that Trump may not win the election, as Wall Street had feared just a few days earlier.
Analysts at Citibank have said that if Donald Trump were to win, this could spark an immediate sell-off of up to 5 percent for the S&P 500, along with a probable slower growth or even a full-blown recession for the American economy.
With Donald Trump's across-the-board tax cuts, his retrograde views on trade and lack of a credible economic plan, the financial community was far smarter than the 30 to 40 million Trump followers that rallied under the hollow and simplistic “Make American Great Again” slogan.
Let's hope today's stock market rebound is a reliable confirmation of tomorrow's defeat of Donald the Bully!
Monday, November 7, 2016
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