The election of Donald Trump as president of the United States rocked both the political and financial world.
But the negative effect on global financial markets proved to be much milder than the short-lived sell-off caused by the surprise Brexit vote in the United Kingdom on June 23.
After Brexit, it took the stock market several weeks to recover strongly over the following days and weeks. After Trump’s election, the stock market recovered even before it opened the next day in the United States.
I had advised you to suspend your stop prices in my Nov. 9 special alert. In light of the market’s surprisingly favorable reaction, I am recommending that you restore these original stop prices.
Nicholas A. Vardy