What Now For Banks? By Koos van der Merwe
When Donald Trump won the US Presidential election, the Dow Jones Industrial Average immediately rose to a new high, against all predictions. As we search for investing opportunities in this new order, how attractive are the banking stocks? We’ll take a look at a few of them.
The United States has elected a president who promised to “make America great again.” With his history of unpredictability, from bankruptcy to making billions of dollars, President-elect Donald Trump throws a degree of uncertainty into the stock market. Predictions widely given before the election were that if he were elected, the stock market would crash. However, the opposite occurred. The Dow Jones Industrial Average (DJIA) rose to new highs, and meanwhile, the price of gold—usually a popular hedge against uncertainty—crashed ...