2-Quarters-in-1

Categories Author: Scott Bartone, Investing, U.S.

“Frankly, [4Q16] was almost a story of two quarters in one,” explained TD Ameritrade CEO Tim Hockey a couple days before the inauguration.1 “November 8th was the election; we saw retail investors essentially go on the sidelines up until that date, trading levels were down, and then it just exploded right after that. And, it’s actually carried over into January as well — trading levels are high.”

Indeed, the 2016 Presidential Election saw a surge in equity market returns (and market activity in general, which is where Hockey’s observations come into play2). On the flip side, there was also a reversal for many investment factors and sectors. Continue reading “2-Quarters-in-1”