Just before midnight on November 8, 2016, the S&P 500 futures were down a whopping 5% after Donald Trump was declared the winner of the White House.
But by the end of trading on November 9, 2016, the S&P 500 Index (SPY) managed to close UP 8 points or 0.38% in what was a remarkable reversal of sentiment: in a just one day, we witnessed the equity markets move from sheer panic to unbridled enthusiasm. And the S&P 500 has not looked back, rising 6.71% since the election.
The 'animal spirits' were unleashed - Trump's promise to 'make America great again' suddenly became something with real-world consequences and no longer just a cheesy campaign slogan. It really has been a stunning eight weeks on the US equity markets - especially when you consider the remarkable ride that the S&P 500 has been on since 2009.
From the day of President…