Reported 15 days ago
Wall Street experienced a surge reminiscent of 2016 after Donald Trump's election victory, with significant gains in small caps and the S&P 500 Index achieving its best Election Day ever. However, the current market dynamics differ greatly from eight years ago, with higher stock valuations and looming inflationary pressures impacting forecasts. While traders hope Trump's tax cuts and deregulation will drive the market, concerns about trade policies and inflation may temper those expectations. Overall, enthusiasm remains high among investors as they anticipate potential growth under a Trump presidency.
Source: YAHOO