American stocks tied to the state of the US economy, such as banks and the country’s biggest technology stocks, including chipmaker $NVIDIA Corp(NVDA)$ and Elon Musk’s $Tesla Motors(TSLA)$ , have rallied since Donald Trump’s victory.
The victory lap sent major stock markets, the $.DJI(.DJI)$, $.SPX(.SPX)$ and the tech-heavy $.IXIC(.IXIC)$ to new highs, rising 3.6%, 2.64% and 2.95% respectively, the best post-election day in US history.
$Bitcoin(BTC.USD.CC)$ ’s price continued to rise, past a new all-time high of US$76,000.
“This is what the markets want, certainty, and this has been a very decisive win for Trump and also the Republicans,” Tiger Brokers chief strategy officer Greg Boland told Markets with Madison.
Following US elections, the $.SPX(.SPX)$ has risen by 16.4% on average one year later, according to data from Morningstar Direct Edward Jones dating back to 1984.
One year after Trump’s last victory in 2016, it rose by 23.7% one year on, and by 5% after one month.
“We have an equity market that could rise by 20% to 25% within a year – that’s pretty significant for people who wish to invest in equities.”
Click to watch Greg Boland discuss where money is flowing following the US election result and the lessons for investors, in today’s episode of Markets with Madison above.
Click to Watch the Video from www.nzherald.co.nz
Click to Watch the Video from www.nzherald.co.nz
Disclaimer: The information provided in this programme is of a general nature, and is not intended to be personalised financial advice. We encourage you to seek appropriate advice from a qualified professional to suit your individual circumstances.
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