Home » Q4 2016 Finishes Strong as the”Trump Bump” Ignites a Rally
January 3, 2017
Q4 2016 Finishes Strong as the"Trump Bump" Ignites a Rally
2016 ended on a strong note with the “Trump Bump” salvaging the performance of the year as a whole. The initial market reaction to the election outcome broadened as the reality set in of what it could mean for a businessman to take over the Oval Office rather than a politician. Bank, material, and steel stocks soared. As the prayers and pause of Thanksgiving gave way to the anticipation of Christmas, the major indexes throttled into all-time high territory and created a present of their own for investors. This year-end cheer was not celebrated nor received, however, by the bond buying community as their prices fell due to surging interest rates in anticipation of a better economy in the years ahead. During the 4th quarter, the S&P 500 and Nasdaq Composite were up 3.25% & 1.34% respectively. For 2016, the S&P 500 & Nasdaq gained 9.54% & 7.50%. Not a great year, but considering where the markets were during the summer & fall, it was a respectable return. Keep checking back to our News page for updates in the “current market outlook” section to see if the “Trump Bump” will turn into a full fledged rally. Have a Triumphant day!
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This information is not intended to be a substitute for specific individualized advice. The TPM strategies cannot assure a profit nor protect against loss. Inherent limitations and market conditions may affect the performance of portfolios in any given market environment. Past performance does not guarantee future results. Investors should consider the investment objectives, risks, charges, and expenses associated with any investment strategy.