November 14, 2016

Trump victory could be good for volatility

A Trump victory has made volatility and uncertainty great again. This is my overwhelming investment take from the 2016 election.

Given the developing policy uncertainties, the degree of congressional cooperation and questions regarding Donald Trump's ability to execute and to deliver on his policies, the president-elect's unknown leadership skills, issues regarding his Cabinet and Supreme Court appointees and numerous other uncertainties, owning and holding long-dated assets (both bonds and equities) is now a questionable strategy.

More than ever, an opportunistic trading strategy should trump the buy/hold crowd in the months--and maybe years--ahead.

Get your trading hats on, as the only certainty is the lack of certainty.