2016-11-11

Trump Rally Day 2: Asian Markets Rebound, Dow Jones Hits Record High

Dow Jones Industrial Average (DJIA) Hits Record High:

Trump Rally Day 2--Dow hits record high Nov 10, 2016--The Dow Jones Industrial Average (DJIA) surged more than 200 points, blasting to new record highs, marking Day 2 of the "Trump Bounce" as Wall Street fears related to Donald Trump’s stunning election win gave way to hopes that the President-elect's policies could boost the economy. --read more at USAtoday.com.

Stan Druckenmiller"I'm optimistic about the future"--Billionaire investor Stanley Druckenmiller told CNBC.com on Thursday he's "quite, quite optimistic" about the U.S. economy following the election of Donald Trump. "I sold all my gold on the night of the election," the founder and former chairman of Duquesne Capital said in a "Squawk Box" interview. He said he's betting on growth by shorting bonds globally and he likes stocks that respond to growth. He also likes prospects for the U.S. dollar, especially against the euro stating "... hopeful as I've been in a long time ... I would not be surprised if we're not looking at the peak of the divisiveness."

Druckenmiller's new outlook is in stark contrast to what he said at the Sohn Investment Conference in New York, May, 2016. At that time he told attendees they should sell their stock holdings and that gold was his "largest currency allocation."

Asian Markets Rebound as Trump Victory Sinks In:

Video above published Nov 10, 2016: Financial markets bounced back across Asia on Thursday as investors digested the news that Donald Trump will be the next President of the United States.

In Washington, a new domain name, greatagain.gov, marks the transition website of the President-elect: Help Wanted: 4,000 Presidential Appointees | President-elect Donald J. Trump"More than 4,000 political appointees, many of whom hold important leadership and policymaking positions, will be heading out the door next year with the change in administrations."

Senate Majority Leader Mitch McConnell (R-KY) on the Election and Next Steps:

Video above published Nov 10, 2016: Senate Majority Leader Mitch McConnell spoke to the press the day after Donald Trump's electoral victory about what he expects to transpire in the coming weeks and months.

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