Year End Strategy Review
The Trump presidential victory on November 8th, once again, demonstrated that anti-establishment politics appear to be becoming the new normal. The initial reaction, as the election results were being announced, was investor panic. The Dow futures were down 800 points overnight and the S&P500 futures down 5%. However, the S&P500 quickly shifted direction after the President-Elect’s acceptance speech and has generated a total return of 5.0% in US dollar terms from the election-day through to December 31st 2016. The TSX followed suit with a total return of 4.8% over the same period.