U.S. stock markets keep hitting new highs three weeks after Trump’s election. Before the results came in, many predicted a Trump victory would be “America’s Brexit,” leading to a huge sell-off in stocks. It has now become clear, however, that investors are moving from emerging markets to the United States.
“Equity investors are taking Trump at face value. He is a pro-growth, tax cutting, deficit spending president who wants to re-invest in America,” Andrew Orchard, global equity sales director at Citigroup, explained in a video.
The post-election rally drove all four major U.S. stock market indices to record highs, with the Dow Jones Industrial Average surpassing 19,000 for the first time ever.
The Dow Jones Industrial Average surpassed 19,000 for the first time. Yahoo Finance
