Shesa's NOVEMBER 2016 INVESTMENT BLOG
20 November 2016 NOVEMBER 2016 INVESTMENT BLOG Shesa Nayak U.S. Stock Market Commentary: There were two historic events that occurred in last couple of weeks. First, Donald Trump was elected as the president of USA. Secondly, demonetization of Indian currency was another big news. Both these news were beyond many peoples expectation. The polls taken were similar to what we saw in BrExit. Rather, this one is like BrExit+. After the news the DOW futures had come down 800 points and I believe the circuit breaker triggered. Gold price bumped up more than $70 and then subsidized most of the gain. However, next day it was a complete U-turn as market bounced back more than 1.5%. The biotech index was up more than 7%. Now the stock market indexes are almost at 52-week high. What next? What can we expect in the market once Donald Trump takes over? We will discuss more on that later. Let’s first take a look to the U.S. Stock Market In...