The financial analysts and wealth advisers has given their warning regarding uncertain investment environment after Donald Trump had won the presidential election.
Markets settled down after the New York businessman's acceptance speech, in which he acknowledged Democratic nominee Hillary Clinton's service to the country and called for unity, a departure from the more incendiary comments that characterized his campaign.
The Dow Jones industrial average ultimately climbed 256.95 points, or 1.4 percent, to 18,589.69. It was briefly up 317 points.
The Standard & Poor's 500 index gained 1.1 percent to 2,163.26 The Nasdaq Composite Index also rose 1.1 percent to 5,251.07.
Local and national financial experts said the U.S. and global economies could be in store for a rocky ride, citing Trump's lack of governing experience and uncertainty about his future policies.
Greg McBride, the chief financial analyst for Bankrate.com said "Buckle your seatbelt. Over the next several weeks and coming months, uncertainty will reign. There will be a lot of volatility, a lot of ups and downs, simply because we don't know. We don't know what's going to change, when it's going to change or how much it's going to change." Over the next several weeks and coming months, uncertainty will reign. There will be a lot of volatility, a lot of ups and downs, simply because we don't know. We don't know what's going to change, when it's going to change or how much it's going to change."
During the whole duration of Donald Trump's campaign, he promises granting tax cuts without offsets from the greater revenue, renegotiating with the North American Free Trade Agreement and possibly withdrawing from the World Trade Organization.
There are also some financial expert advises against the investment reactions. T. Rowe CEO William Stromberg encouraged people to consider the context of this historic election.
Eric D . Brotman, the president and managing principal of Brotman Financial Group Inc. said that as businesses and investors recalibrate, they will be watching whom Trump appoints to his Cabinet and key leadership positions. With little information about Trump's own governing style, the experience of the people appointed to key positions could offer insight to how the Trump administration will approach tax reform, immigration and trade.
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