That’s the question that we (myself, Roger Mayer of NC State and Jing Zhao at Portland State) recently studied in a paper that is forthcoming within the finance journal: Financial Management. 2016 was a good 12 months for inventory market indices, most of which rebounded from subpar returns during 2015. Most of the indices dropped throughout early 2016 after which remained relatively flat until Donald Trump won the 2016 U.S. Presidential election as buyers had been optimistic about a professional-enterprise Presidential administration and a Republican-controlled Congress. Tax cuts, a lowered bar for repatriation of foreign retained earnings, lowered enterprise rules, and a possible repeal of Obamacare despatched the markets hovering greater over the last 7 weeks of 2016.
Digital systems like Wealthfront are often promoted as reducing out the intermediary – assumed to be human, gradual, incompetent and corrupt – and due to this fact as chopping prices in each … Read More