The day after President Donald J. Trump was elected, I, along with scores of others, hopped on a conference call with leaders of my brokerage firm to assess whither we were going in this brave new world. There were the usual attempts to reassure — the exhortations to stay the course, the discussion of the glories of diversification, the view that things might not be so bad after all. And though shocked global markets dropped, a lot, in the immediate aftermath, the worst never happened. At least, not immediately.

Read more…