Tuesday, November 15, 2016

US stock market is on the rise

During the election, once Trump was beginning to take a lead and have a foreseeable path to vistory, investors became panicked as the DOW futures plummeted to large losses. However, the futures were completely worthless in terms of projecting the future. The following morning, when the market opened, the stock market was in the green for a vast majority of the day, and ended up having a great day in the US stock market. This trend continued for the remained of the last week. Rising oil prices have contributed to gains in the US and European markets. After everyone was terrified that a Trump victory would decimate the market, some even compared the event to how the market reacted after the attack on the Twin Towers in 2001. Thankfully, they were all wrong and the market is now setting all-time highs as the DOW approaches 19,000 points. Chinese currency is taking a hit, and is at its lowest level against the US dollar in 8 years. Hopefully these recent gains in the market are a sign of things to come. Many of the elder generation have lost significant faith in the stock exchange since their devastating loses nearly a decade ago. There are numbers to support Millennial generation isn't big on investing either. This surge will hopefully instill confidence in the market again from others than those on Wall Street. The dollar is projected to take off in the next 4 years while Trump is in office, based upon his plans that would increase fiscal spending, raising inflation and growth.  

http://www.foxbusiness.com/markets/2016/11/15/u-s-stock-futures-edge-higher-on-oil.html

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