You heard the silent majority speaking loud and clear in November’s presidential election, and now the results are in. For the first time in 3-years there was a decline in year-over-year background checks for pistols—a barometer for sales—and a 29% decline from the same month last year. Isn’t it amazing what a president can do to the psyche of a nation?
But a populist in the White House won’t be cheap and that’s reflected in the 5% surge last month in gold prices as the market anticipates higher inflation down the road. How much higher? Populism can be expensive.
Continue to invest with caution. Even in a best case scenario the new administration begins with stocks close to nosebleed prices (see chart below). Remember this will be a polar night for many investors. Don’t let the lights go out on your portfolio.
Latest posts by E.J. Smith (see all)
- Can You Trust a Robo-Advisor with Your Money? - March 22, 2017
- No Good: Only 41% Try to Make a Retirement Plan - March 21, 2017
- Sick and Tired of Bad Sound Quality, Americans are Coming Home to Vinyl - March 20, 2017