Updated: December 2, 2016
There’s no doubt Donald Trump’s election win has been great for stocks.
Municipal bonds? Not so much.
In the last month alone, “munis” have lost over 3% of their value—a huge decline for an asset class that’s supposed to be safe and stable.
So is it time to sell your munis, give up on safe income and try to ride the Trump rally in stocks?
No way. In fact, if you’re just thinking of doing that now, you’re probably too late.
The Trump rally reversed course after Thanksgiving, with a down day that threw a damper on the stock market’s post-election euphoria. That correction may continue. After all, Trump was the first Republican presidential candidate in recent history who didn’t have Wall Street’s full backing. That means worries about his economic plans could …