by Jeff Childers
The nation rejoices. They even called it “epic.” The Wall Street Journal ran its top story this morning under the headline, “Wall Street Salivates Over a New Trump Boom.” The sub-headline added, “Wednesday’s epic, postelection rally augurs big, lucrative opportunities, investors and analysts say.” On news of Trump’s win, the stock market gained $1.62 trillion dollars in value — smashing into the record books as one of the top five biggest one-day leaps in American history.
“Wall Street,” the Journal reported, “has rarely been more excited by an election.” A Chicago chief investment office quoted for the story simply said, “Investors are celebrating.” That CIO, Jack Ablin, didn’t have time for a longer comment because he was busy buying up small company shares, anticipating an economic boom from Trump’s promised policies.
Now seems like a good time to note that investors obviously disagree with corporate media’s “economic experts.” In the days leading up to the election, the “experts” all gloomily predicted that Trump’s tariffs would drive us into the recession ditch. The good news is that the Eeyore Experts can finally put their money where their big fat mouths are and sell their holdings to more optimistic buyers like CIO Jack Ablin.
In other words, it’s already working. Trump hasn’t even been sworn in yet, and he is already delivering on his promises:
And small-company stocks did best. The Russell 2000 index of the smallest public companies saw its best day in two years.
Enthusiasm is running extremely high. A senior investment advisor at Neuberger Berman advised, “The trend was already in place, but Trump’s policies could supercharge it.” Supercharged. Epic. Excited. Celebrating. Take that, experts.
But the best news was slipped in late in the article, and had nothing to do with the market. At least, not directly:
A sweep of both houses now looks likely. The Senate was big enough. Give Trump both Chambers and things could get interesting, fast.
