As a spare-time investor, I learnt a lot in the past five months or so, but still do not understand the relationship between Trump and the market, or the credibility of those analysts and even those market guru.
Before the election, everyone predicts a market crash if Trump would win. So, when Trump's poll number went up, stock market went down (gold went up) - simple.
On the election night, SP200 fluctuated with real-time counting results, Trump up, SP down or verse vice, and eventually down 6% on the day. The DOW was down 800 in a few minutes after the opening next morning, but has been going up ever since (till last night). Change from 90% negative and 90% positive in a flash. What is the truth behind 'Trump Rally'? If you think the rally is true and will persist, probably NCM should be avoided because there is a reverse correlation between the two. Otherwise, it's time to start the accumulation - probably better after the Santa Clause rally in mid January, or after DOW crosses the magic 20k.
Make sense?
NCM Price at posting:
$17.76 Sentiment: Buy Disclosure: Held
