I mentioned in the last newsletter that I thought the election results and earnings season could spell gains for the market and, HOLY COW, we got some gains!!! Since the election, the S&P 500 has shot up 4.64% on a price basis and that pushed the gains for the year to 9.54%.
Obviously, the market won’t just go straight up every single day for the entirety of the President-elect’s tenure. However, I do feel the Animal Spirits have been awakened and there could be a very strong run for the market for the foreseeable future.
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