The ACM Journal 2016 Q4

Portfolio Review

The financial markets were a mixed bag in 2016. Despite early volatility, stocks ended the year on a positive note. Bonds were the opposite, and posted significant losses toward year end. In fact, much of the relevant market action occurred toward year end in the wake of our presidential election.

Since the election, Donald Trump’s victory has significantly altered the financial landscape, and not in the way many had anticipated. While it seemed a stretch that Trump would win at all, most predicted a precipitous market downturn if he did. Clearly the opposite has transpired.

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