U.S. Presidential Election Update

Donald Trump’s surprise victory will cause volatility in the equity markets, though it may be temporary. Markets do not like surprises, and this was certainly a surprise. In addition, Trump ushers in more uncertainty than Clinton would have since he is an outsider with an agenda for change. In Trump’s victory speech, he stuck to the script, honored his opponent, and talked about leading all Americans, suggesting temperance as a starting point which is welcome. Much will be learned in the coming weeks about Trump’s governing priorities as he appoints cabinet members.

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