Although presidential elections historically don’t have a significant impact on financial markets, this year was quite different.

Investors remained on the sidelines for the five weeks leading up to the election and both stock and bond returns were negative as reluctant buyers awaited the election’s outcome. After a surprising victory, investors reevaluated the economic outlook and areas of the market expected to benefit from a Trump presidency performed well while others lagged behind.

Watch the full market commentary below featuring Nicole Rice interviewing Chief Investment Officer, Darin Richards.