Donald Trump won the 2024 US presidential election in a ‘landslide’ victory. The Republicans regained control of the Senate, while the House remains up for grabs.
The market reacted to Trump’s win in various ways. The S&P500 jumped after the news and has been trending up afterward.
S&P500 has climbed almost ~4% post-election result.
Economic Policies & Implications
In his political campaign, Trump has advocated various policies, such as heftier deficit spending, implementing import tariffs, slashing corporate taxes, supporting deregulation, a pro-crypto stance, and a more restrictive immigration policy.
The implementation of these new policies will undoubtedly have an impact in the forthcoming years. We will pay particular attention to the economic repercussions that could affect our investments.
Inflation
The higher spending deficit, higher import tariff, and restrictive immigration policies fuel the concern that inflation may resurface.
Under the Trump administration, economists project that inflation may stay elevated above the target 2% range the Fed aims for....