November 11, 2017
A year ago, the U.S. electorate voted President Trump into office. His win earned us some good profits on the day. Since then, the S&P 500 has made history time and time again.
- From 2,140 on 8th Nov 2016, today, it’s at 2,590 points. 21% increase.
- Returns in Trump’s first year are nearly 4 times higher than the average return of the S&P 500 in the first year of a president’s term.
- The S&P entered the longest weekly winning streak in four years.
- Today the index registered over 250 days without a single-session drop of more than 3%. An all-time record and still going strong.
These phenomenal results are not restricted to the S&P 500. The bullish sentiment has been experienced globally.
- Biggest post-Election Day gain in more than 70 years for the Dow Jones, increasing by 29%. That’s the best post-War performance ever recorded.
- Japan’s Nikkei hit its best level since 1992 overnight. An 18% increase over the year escalating from 19,400 to 22,913.
- And Germany’s DAX just scored another record high.
Every major index has pointed to fresh historic highs in what has been the first synchronised global economic uptrend ever reflecting unprecedented investor optimism.
Yet cryptocurrencies beat this out of the park.
- Bitcoin (BTC), the pioneer, was at $709, and now sits at $7,849 – a whopping 1,007% increase.
- Ether (ETH), reached an all time high of $405 this year. From $10 in Nov. 2016 this is a 3,950% increase.
- ICOs are difficult to even measure accurately but probably are north of $2.3bn.
And this is all despite:
- President Trump and his administration – enough said.
- North Korean Trump and the threat of nuclear war disrupting the global order.
- Rising interest rates across the board.
- Unemployment at full employment.
- Unprecedented scale of natural disasters globally.
- Ageing population and troubled healthcare and pension systems.
- Questionable equity valuations.
- Non-existent ICO valuations.
If you are asking Jim Rogers, all this is pointing towards the biggest bubble we’ve ever seen.
Even so is there still time for the individual investor alike to start investing or keep their trades open?
We will answer this question in our upcoming posts which you can follow by liking us on Facebook.
*Prices quoted on YoY basis as of 8th November (Election Day) and sourced from Yahoo Finance.