Citigroup May Be An Undervalued Star As Financials Acquire New Life, Post Election

Election Night If you were paying attention to the overseas markets on election night (and I know you were), they all started tanking when Trump started to overtake Hillary in key 'Blue States', as expected per the conventional wisdom, i.e., Hillary wins - stock market up; Trump wins, stock market down. So what changed by the time the U.S. stock market opened? I can answer that in 2 words: Maria Bartiromo! Just about anyone who is not new to the stock market knows and respects, Maria Bartiromo. After many years as undisputed anchor on CNBC, the new upstart in the world of financial reporting, Fox Business Network, snatched her up as Global Markets Editor. While the FTSE, DAX and Nikkei were heading south, most prognosticators thought the Dow and S&P would follow them down. But, Maria made one short comment. [Paraphrasing] 'I don't see why our market should sell off, with Trump promising to gut regulations, lower business taxes and bring jobs back home, the markets should be going up.' The next day, Wednesday, our markets opened and took off to the upside. A whole new ball game was afoot and analysts scrambled to figure out what sectors would benefit and which would lose favor.

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