There’s at least one certainty about the stock market.
It’ll go up and eventually come down.
Last week, we witnessed this truth about investing. The markets responded with trepidation after a series of scandals hit President Trump.
Trump shared highly classified information with Russian diplomats. He fired FBI Director James Comey. He may have tried to get Comey to end an investigation of former national security adviser Michael Flynn. And now a special counsel has been appointed to investigate possible Russian interference in the election.
Many experts think it wasn’t these controversies that pushed stocks down. It’s that the scandals may get in the way of tax cuts and other business-friendly legislative measures.
So here we are, regular investors just trying to grow our money enough to retire or send our kids to college. As the stock market climbed in recent months, people began to call it the “Trump Bump.”
But all good things come to an end in the investing world. The question now is: Are we about to see a “Trump Slump,” and, if so, is there anything you should be doing with your investments?