Ep. 127: Is the investment Trump Bump Real?
Guest: Murray Leith, Odlum Brown
Are the stock markets rebounding because of Donald Trump?
Murray Leith is the Head of Research at Odlum Brown. Many have asked about investing during what appears to be a Trump Bump.
He says, "Everybody's calling it the Trump rally but I actually would argue that there's fundamental, economic reasons for the strong performance in the stock market."
Despite the markets around the world being up by more than 10% over the past two months, Leith points out the reasons stem from the strength of the US economy.
"There's this feeling that because the market didn't do a whole bunch until after the election, that it's all about Trump and that maybe investors are too euphoric. But really, a 10% return in a year when the economy went from bad to quite a bit better, that's just pretty reasonable."
He says enjoy it for now but don't make your investment choices on swings in the market. "Wise investing means having a long term strategy."
