Will the Fed Put Coal in the Stockings of Equity Investors?
Euphoria has characterized the equity markets since the surprise election of Donald Trump. Most analysts, including me, predicted a sharp slide in stock prices and increased volatility if Trump captured the White House. Instead, since the market close on Election Day, the S&P 500 index value has risen over 5.6%.
Johnson, Robert, "Will the Fed Put Coal in the Stockings of Equity Investors?" (2016). Faculty Publications. 648.