Swing Trading Strategies & Stock Picks Since 2003

Barack Hussein Obama is the 44th President of the United States, the first African American and the second youngest President.

In reaction to his election, the US dollar is marginally higher and the US stock market has opened lower. Regardless of the overwhelming support for Obama domestically and internationally, the equity markets tends to sell off when Republicans lose the election.

The only minor negative is that the Democrats did not secure the 60 seat majority that is needed to push reforms through easier.

In the long run however, the dollar should rally as a new President takes the helm. If history is a reliable leading indicator, over the next 6 months, the US dollar should appreciate against the Euro and the Japanese Yen. We saw this in 6 out of the last 7 elections.

However this economic environment, the possibility of protectionist policies by Obama and the likely increase in the US budget could also hurt the dollar.