Donald Trump
Donald Trump is President-elect of the United States of America. This election reminded me of the Brexit vote across the pond earlier this year. An entrenched power bloc assumed it had already won, but woke up the day after the election to a powerful reminder of the world outside of their ivory towers. I voted and I hope you did, too. So What Does Donald Trump Mean For The Markets? It means the uncertainty over who will be President is over. No kidding, right? It is cliche by now, but the market does hate uncertainty and knowing who will be in the White House allows companies to eliminate a variable from their business calculus. You don’t need to be a genius to navigate your portfolio through an election cycle; you need patience and informed optimism. Even smart people screw up and overreact to short-term blips. Nobel laureate Paul Krugman of the New…