3 comments on “Market Reactions to the Election

  1. Trump’s anti-globalization stance, protectionist policies and possible import tariffs are potentially bad for international and especially emerging market stocks that export into US, hence their decline.

  2. Jiri, so you’re explaining the Tuesday evening reaction, and not trying to explain Wednesday’s prices?

  3. Yes. I don’t have a good explanation for the discrepancy. Short-term, it indeed looks like an irrational move. Long-term, it makes sense to me that US stocks might outperform international stocks given Trump’s policies, and thus the continuing decline in the emerging markets we are seeing now might not be irrational.


    This blog is great, by the way. I would love to see update to this post:


    I’m especially curious if multifactor ETFs might be better approach now.

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