Why Did the Market Crash When Trump Was Elected?

As soon it begun to appear Trump would win, stock and futures markets around the globe begun to tank. Many are chalking it to surprise–the similarly surprising Brexit vote earlier this year caused a two-day rout in the equities market that reverberated in a decline of stock prices everywhere, for a short while. But America is more important and there’s little chance Trump will be fading away from the headlines soon. Here’s a few things going up and down right now:


Futures

Trading on stock futures on the S&P 500 halted in the middle of election result reporting, as a 5% drop triggers an automatic shutdown of trade. Why? “Many investors view Mrs. Clinton as the “status quo” presidential candidate,” The Wall Street Journal reported. Trump, for obvious reasons, is considered volatile and his lack of experience on the political stages leaves investors around the world little to cling on to.

Currency

The Mexican peso slowly began tocrash as it appeared Trump would overtake Clinton’s predicted lead in the polls. Throughout the election, Trump’s oft-repeated threat to “tear apart” NAFTA and other trade agreements between the U.S. and Mexico have caused investment in the Peso to often mirror Trump’s chances to win. On the other hand, both the yen and other currencies surged quickly after the election results poured in. Why? Unsure about what’s happening over here, people are buying up currency in countries that are historically and politically very safe, like the yen, the Swiss franc, and the Australian dollar.

Trump-friendly Industries Soar

On the other hand, shares in major mining companies, pharmaceutical groups, and defense firms are rocketing upward. Throughout the campaign, Clinton has promised to reform the Affordable Care Act by pressuring pharmaceutical companies to lower their prices in response to criticisms of how much money it was costing small businesses. Since Trump plans on scrapping it altogether, drugs makers like Novo Nordisk and GlaxoSmithKline canrest easy. Also on the up? Defense companies, excited by Trump’s demands that other countries start “paying their share,” are also on the up.

Here’s a great list of what stocks you’ll want to buy in the wake of Trump’s win!

string(3598) "

As soon it begun to appear Trump would win, stock and futures markets around the globe begun to tank. Many are chalking it to surprise--the similarly surprising Brexit vote earlier this year caused a two-day rout in the equities market that reverberated in a decline of stock prices everywhere, for a short while. But America is more important and there's little chance Trump will be fading away from the headlines soon. Here's a few things going up and down right now:


Futures

Trading on stock futures on the S&P 500 halted in the middle of election result reporting, as a 5% drop triggers an automatic shutdown of trade. Why? "Many investors view Mrs. Clinton as the "status quo" presidential candidate," The Wall Street Journal reported. Trump, for obvious reasons, is considered volatile and his lack of experience on the political stages leaves investors around the world little to cling on to.

Currency

The Mexican peso slowly began tocrash as it appeared Trump would overtake Clinton's predicted lead in the polls. Throughout the election, Trump's oft-repeated threat to "tear apart" NAFTA and other trade agreements between the U.S. and Mexico have caused investment in the Peso to often mirror Trump's chances to win. On the other hand, both the yen and other currencies surged quickly after the election results poured in. Why? Unsure about what's happening over here, people are buying up currency in countries that are historically and politically very safe, like the yen, the Swiss franc, and the Australian dollar.

Trump-friendly Industries Soar

On the other hand, shares in major mining companies, pharmaceutical groups, and defense firms are rocketing upward. Throughout the campaign, Clinton has promised to reform the Affordable Care Act by pressuring pharmaceutical companies to lower their prices in response to criticisms of how much money it was costing small businesses. Since Trump plans on scrapping it altogether, drugs makers like Novo Nordisk and GlaxoSmithKline canrest easy. Also on the up? Defense companies, excited by Trump's demands that other countries start "paying their share," are also on the up.

Here's a great list of what stocks you'll want to buy in the wake of Trump's win!

"

What Is Kris Jenner’s Net Worth? 

Kris Jenner

The Momager May Be Worth More Than You Think… Kris Jenner is a pop culture icon for many reasons. While you may have watched her meteoric rise to fame on Keeping Up with the Kardashians — which originally debuted on E! — she’s actually been a fascinating figure in the public eye for ages.  As

Considering A Microwedding? Here’s How To Plan Yours

Microweddings are the next hottest trend.

Traditional weddings can be incredibly stressful, not to mention super pricey – many newlyweds couldn’t buy a house with that money. What’s supposed to be the happiest day of your life can often feel like an endless quest for absolute perfection – almost as if the ceremony doesn’t come off flawlessly, the marriage itself will

How To Quickly Pay Off Student Loans

Here's how to pay off your student loans fast

Talking about student loans can be an uncomfortable subject. Considering how stressful your debt pay-off journey can be, it’s easy to get overwhelmed by how much you still owe. Fortunately, there are a few ways to successfully pay off your student loans in a speedy fashion so you can finally breathe that sigh of relief

New Year, New Budget

Saving money starts with a budget.

Alexander Grey via Unsplash

I’ve been thinking a lot about goal setting in the New Year…and not in the cliche resolution way. Not in the way that I get overzealous and aim to save $10,000 in one year, change my entire life around, and find the apartment of my dreams. Not in the way that sets me up for

Best Personal Finance Apps for 2023

Best Personal Finance Apps for 2023

Photo by rupixen.com on Unsplash

It’s almost 2024, but if there’s one thing you don’t want to save until the new year it’s putting your finances in order. When it comes to tackling money goals, the best time to start is always yesterday. But these days — given our digital-first landscape and online bank accounts — financial success takes more

Top 5 Investing Apps for Beginners

pixabay.com

If you’re savvy when it comes to apps but could use some direction in your investing game, combine the two and go from investing newbie to knowledgeable with tips you can tap into. Entering into the world of investing can be daunting, so invest your time before you invest your hard-earned dough. These 5 apps