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What a Week in the Markets!

The week of November 7-11, 2016 was a volatile week in the markets.  Prior to last week the S&P 500 Stock Index had been down for nine straight sessions, making that the longest losing streak since 1980!  Most investors felt that Hillary Clinton would win the US Presidential election.  However, as we all know, Donald Trump won the election.  At one point during the election evening, as the results of the election were still being digested, the stock futures market dropped over 800 points!  But by the following morning the markets had erased those losses and we had a strong up day.  During the week of November 7-11, 2016 the S&P 500 gained 3.8%, its best performing week since 2014.  Why the large turnaround in the markets?  Be sure to read next week’s blog for the answers.

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