Stock markets react to Trump victory

The markets seem to have settled down again after having a bit of a meltdown Tuesday night when Donald Trump took the lead in the election.

Dow futures plunged about 800 points Tuesday evening, but by the end of trading on Wednesday it was up about 250 points.

Paul Martin is 980 CJME’s business analyst. He said the shock of the Trump win seems to have worn off quicker than anticipated.

“Maybe that was the tone of the president-elect’s acceptance speech last night – it was a lot more moderate and toned down than I think people thought might come,” said Martin.

For those worried about their investments, Martin said don’t panic.

“(The markets) were betting on a Hillary win, when it didn’t happen they had to kind of reposition. But, looks like they’re not as upset about the end result as they might have been.”

When it comes to Trump himself, Martin explained the president-elect will likely have to step away from his businesses with something like a blind trust.

“The whole potential for a conflict of interest and these kinds of things – there will be a lot of pressure on him to not have anything to do with the company at all.”

Martin said a rich businessman taking office isn’t something that’s seen too often, so lawmakers may have to break out the books and see what the rules are.