The surprise Trump victoryÂ in the US Presidential electionÂ has left many commentators reeling.Â Â What remains to be seen is whether there will be a significant difference between Trump the candidate and Trump the president.
Following the surprise outcome of the EU Referendum vote we saw immediate market reaction as a Steep 2 day sell off. Markets reverted to previous levels within days and are now at significantly higher levels.
Following the US vote this snap back has seemingly been achieved within hours. Â The FTSE 100 opened downÂ nearly 150 points, but at the time of writing is up 25 points.Â The Dow Jones opened marginally lower but pared these losses to be trading flat by mid afternoon.
Currencies were volatile immediately after the result was announced, but had stabilisedÂ at previous levelsÂ by the time European markets opened.
As with Brexit, the message is that this is a step into the unknown. For long term investors sitting tight and trusting in the investment plan in place is the best advice.