I watched Trump's acceptance speech, and it was very uplifting. He came across sober and reasoned, saying that he will work for all of our (USA's) citizens, and to get along with the whole world (those who will get along with us), with an emphatic statement of working with everyone to make everything great for our country (first, and work with everyone we can in the world in great partnerships). He said those who were opposed to his winning the POTUS election should bring their issues forward to "us" so that we can work together to solve everything. If you're ever in a gloomy mood and aren't highly partisan, I recommend it as something to lift your spirits. It echoed some of the nicer things Clinton said yesterday.
There was quite a bit of everything will be solved as much as possible, but it wasn't over the top. It was a set of goals.
I think NOLA_Mike's comment about retail investors (that would be me) is a good question: will they cling to the admonishments of the mass media campaign machine that says everything is falling apart, especially if it's done by that group of people? SnapChat had lots of very disappointed youth last night, but they're easily impressionable. Everyone else is kind of doing their thing and just parodies what they know or heard. There's probably some inertia in that, and we can ask whether it has any hand in the traders' reactions in the short term.
I remember saying the same thing about Brexit: the political change shouldn't change the economy abruptly, and the changes will be introduced so gradually that business will flourish regardless (I claimed more since independent countries can propel competitive advantages, buoying up the whole economy). After the Brexit vote, the markets dipped, then recovered completely. This time through a few retail investors might even remember the silliness with Brexit and not give it much heed. We already see the dip in premarket; now, we will see the up recovery, just like Brexit, if not a hell of a lot faster.
Trump is a business man. Clinton was a diplomat, politician, fundraiser and favor trader. While there is some overlap, the idea that Trump has never seen how business works falls flat around me.
I was in a gym during the East Coast closing hours of the election, and there were lines in every part of the gym since it was peak hour. Everyone was courteous. No one was out of sorts. I was in San Jose when the polls crossed the probability line. There were no fights, no loud words, no unusual activity. I drove down US-101 in rush hour into Morgan Hill. No one was ambitious or unruly. I drove down the streets to Gilroy, then out toward Watsonville. I saw nary an unsettled soul. Those are all illegal alien heavy enclaves which have had political leanings toward some of the more inflamitory of the Clinton platforms, and there was no unrest. While I'm not claiming that in the entire country there will be no problems at all, I don't see this big upswell of problems that so many in the media were claiming would happen. That's fabrication.
Tesla has more orders for cars and PowerWalls/Packs than it can fill. It has pent up demand for PowerWall and PowerPack. The question is if the political encouragement to save the planet will continue. I don't think the States and the Congress will abandon every principle they had before, nor do I think the electorate will stop the pressure to stop the pollution, and I don't think the customers who want this will evaporate. There is a huge push to clean up our air, skies, and possibly our climate and energy providers, too. We currently use a lot of dirty energy. There is a long time between now and converting to 100% clean energy, because there is a huge amount of work to be done. Tesla only currently sells into a small percent of that. There's plenty more market there. Any business man running Tesla that approaches the world and its politicians correctly will continue to be able to grow into that market in unprecedented ways.
Like we're taught in High School, USA is divided into many levels: Counties, States, and Federal, and in each many branches: Legislative (Congress for feds), Executive (Mayor, Governor, President), and judicial. They all work against each other to slow each other down, counterbalance each other, and to cause each other to not go too crazy. But Trump isn't crazy to begin with! Oh, and the "pro-business" "party" (yeah right but that's what they say) just won both parts of Congress. The economy isn't going to change all of a sudden to any great kind of degree, other than seasonal variations and whatever else is already happening.
President Obama is going to have a very easy morning.
