After fears that Donald Trump‘s election would sink the stock markets, investors have sent a very different message. An initial election night dip has turned into a boom for both the S&P 500 and the Dow Jones, which hit an all-time high of 19,000 this week.
Happy investors include Clinton supporters like Warren Buffett, who proclaimed he maintained “100% confidence” in America after Trump’s election. Buffett said Trump’s promise to double economic growth may be far-fetched, but that even a 2% growth would be plenty for a successful environment to take hold. R.W. Baird chief investment strategist Bruce Bittles told USA Today that: “the stock market is viewing the new administration as friendly toward business.” Trump promised to create a business friendly environment not just at the upper tiers, but for small business owners, too.
