Historic can describe the past week, but it would be a modest start because I am not sure if there is any hyperbole to articulate the surprise win of Donald Trump in the presidential elections. Thinking back to the original notion last year that he was running being met with dismissal and smirks, and a large portion of the population were probably still dismissing and smirking the idea up through Tuesday evening. Un-/Fortunately, his supporters and Clinton's dissenters knew that the election would not be decided by words or by actions, but strictly by voting. They showed up across the nation more consistently, and that is how elections are won.
Up early on Wednesday, November 9th, I happened to tweet "The American stock markets open in a few (minutes, so) let's see whether the financial media predictions that the market will crash if Trump wins are true!" As we know now, those predictions matched the political media predictions forecasting a Clinton win in terms of accuracy (or lack thereof). The DJIA went as high as 18,650 on Wednesday, before closing at 18,589, up 1.4%. Then, it closed at 18,808, up another 1.17% on Thursday, before setting a new all-time high closing earlier today at 18,847.
As for Thursday, November 10, which was the day that I processed my regular quarterly reallocation as usual, most of the money came out of Total International Stock Index (not surprisingly, as the international markets were rising over the past three months, although tempering lately) and almost all of it went into Total Bond Market Index (also not surprisingly since the index has been volatile since peaking in July).
Meanwhile, my individual brokerage account got an unexpected surprise of its own this week in the name of Nvidia, which had been sitting with a 300% return from where I bought it two years ago. After surpassing expectations by no small amount, the stock spiked 30% today! That increase pushed my return over 400% and the promise of the stock has an even higher upside. We will have to see where it goes from here. As the cliché goes, time will tell!
