Marin financial experts eye rising stock market, Trump impact
Marin Independent Journal
By Adrian Rodriguez
Financial advisers in Marin say it’s a good time to review investments, as Donald Trump’s victory in the U.S. presidential election appears to be signaling a strong stock market.
“If you’re not investing, you should be putting your toe in,” said Neil Hennessy, CIO of Hennessy Funds in Novato.
Since Nov. 8, the stock market has seen some ups and downs, rising to record numbers last week. Investors nationwide have been betting that with Trump in office, and with a Republican-led Congress, there will be a push to deregulate energy and banking, cut taxes and increase government spending on infrastructure, making it the opportune time to invest and buy stock in the financial and commodities sectors.
However, Hennessy said investors should pay less attention to what might happen in a Trump administration and focus on the fact that “business is very resilient,” and that “everything points to a higher market” because of that.
