Markets don't really care who the president is
And even if they do, they can change their minds - and we still lack a method for predicting that.
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A FEW weeks before the US presidential election, two economists set out to quantify the impact that the winner would have on the stock market. Justin Wolfers and Eric Zitzewitz looked at the market's reaction to the presidential debates to determine what would happen if Donald Trump were to beat Hillary Clinton.
They concluded that stocks would fall sharply after a surprise Trump victory, with losses in the 8-10 per cent range. While stocks briefly fell in after-hours trading the night of the election in the futures markets, they rallied more than one per cent the day after the election from the previous day's close.
And since Mr Trump became president, US stocks are up double digits with little to no volatility to speak of.
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