In the final hour of trading, the Dow Jones Industrial Average gained 312 points to cross its prior record high on a closing basis of 18,613.52.
- Defense Contractors are setting record highs, as Wall Street expects Trump to modernize the American military
- Trump is going to lower business taxes from 35% to 15%
- Trump is going to allow repatriation of overseas money to be invested back into the United States at a one time tax of 10%
- It appears that they are forecasting Prosperity in America's future.
"Clearly, the market and investors underestimated the prospect of a win by him," said Mark Heppenstall, the chief investment officer at Penn Mutual Asset Management, where he oversees $20 billion in assets.
"However, they’ve just as quickly come to realize that the implications for US financial assets aren’t as dire as maybe some of the same folks that really didn’t give him much of a chance are warning about after the election," he told Business Insider.
MAGA