If the first trading day following Donald Trump’s election is any indicator, then investors will be in for a very bumpy ride for the next four years.
A little more than 24 hours ago, stock market futures were signaling one of the worst potential opening drops in history. Both the S&P 500 and Nasdaq indexes hit their circuit breakers of -5%, while the Dow Jones was down more than 800 points in after-hours trading.
And then, for reasons that will probably never be fully understood, stocks rallied.