Financial markets were shaky last night with the news of the Trump victory, but guess what? At least for today, all is well and the Dow is up 200 as I write this.
This is just the beginning for Trump, of course. Everyone has known that one of the Trump drawbacks and pluses is his unpredictability as chief executive in the most powerful office in the world. Unpredictability can be frightening, particularly to financial markets, but it also represents opportunity. The world awaited with bated breath Trump’s first speech after his win. He scored high with me on that, and apparently with the people who put their money where his mouth was. The speech hit exactly the right tone.
A speech, however, is just a speech, and a first one at that. The next six months or so will tell a very important tale (as they did with Obama). Who Trump will choose as advisors will be the first indication—that and his demeanor in public statements such as his speech last night (actually, this morning, but who’s counting).
With most winners of a presidential election, a sober and presidential demeanor is a given. With Trump it’s not, and therefore his demeanor takes on a heightened importance, because it can either reassure people or further alarm them about what’s in store.