Yup. A lot has happened in global markets since November 8, 2016. Here's a quick look at some of the more significant market developments since Donald Trump won the election, courtesy of Hedgeye cartoonist Bob Rich.
1.
Most pollsters and pundits were certain victory belonged to Hillary Clinton. It didn't. Investors were forced to (quickly) reassess the market and economic consequences.
2.
Investors bearish on the prospects of a Trump presidency? They have taken it on the chin. The S&P 500 is up 6% since Election Day.
3.
Small cap stocks have been the biggest beneficiary of the market's newfound optimism. The Russell 2000 has rocketed ahead and is up over 15% since 11/8.
4.
It hasn't been rainbows and butterflies for all asset classes. Gold has taken a dramatic tumble. It's fallen almost 11% since Election Day.
5.
Could it be? The return of King Dollar? Yes. The greenback has gained almost 6% since Trump's win.
6.
The Dollar's gain equals emerging market pain. The Emerging Market Index was up 6.4% before the election. It's down 6.4% since.
7.
Last but certainly not least. Our omnipotent central market planners ... they're back! The Fed raised rates for only the second time in a decade this December. They indicated three more hikes may be coming in 2017.