US fairness shut: The shine wears off

The shine of the election has run into uncertainty about tariffs and elevated P/Es. Just about all of the beneficial properties after the open on post-election morning at the moment are gone and the S&P 500 is now threatening the opening hole whereas the Nasdaq has already taken a good chew.

Trump’s cupboard picks are leaning closely on “guarantees made, guarantees stored” and the market is questioning in regards to the largest guarantees: 60% tariffs on China, 10% throughout the board and mass deportations of 11m unlawful immigrants.

Closing modifications:

• S&P 500: -1.Three%
• Nasdaq Comp: -2.2%
• DJIA: -Zero.7%
• Russell 2000: -1.5%
• Toronto TSX Comp: -Zero.7%

On the week:

• S&P 500: -2.1%
• Nasdaq Comp: -Three.1%
• Russell 2000: -Four.Zero%
• Toronto TSX Comp: +Zero.5%

This text was written by Adam Button at www.ubaidahsan.com.



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