The market reaction to the Trump Presidency win has been excessive to say the least.
Trump won’t take office until January 20th 2017. And he will likely not be able to engage in any of his proposed reforms until this time next year (it’s possible he might be able to ram through a few bills via “reconciliation” in Congress, but the odds are likely that any major reforms will take a year).
And yet, the financial media are abuzz with the idea that somehow GDP growth of 5% is going to hit in January. And investors are acting as if they believe this!