Divided nation, bull market. And the clear winner is… the U.S. stock market.
The U.S. Presidential elections left the country divided between grief and elation. But the stock market, that cold, calculating, emotionless creature, powered to new heights partly on relief that the election result was quick and orderly, and partly on the hope of reduced regulations and a more favorable business climate from an incoming Trump administration.
That’s the hope. Reality, on the other hand, may prove more complicated.
Reality: One Example.
When the President-elect announced at month’s end his intentions to impose steep tariffs on Mexico, Canada and China on his first day in office, shares of U.S. and European automakers took an immediate hit; GM falling 9% the next day.
The U.S. Presidential elections left the country divided between grief and elation. But the stock market, that cold, calculating, emotionless creature, powered to new heights partly on relief that the election result was quick and orderly, and partly on the hope of reduced regulations and a more favorable business climate from an incoming Trump administration.
That’s the hope. Reality, on the other hand, may prove more complicated.
Reality: One Example.
When the President-elect announced at month’s end his intentions to impose steep tariffs on Mexico, Canada and China on his first day in office, shares of U.S. and European automakers took an immediate hit; GM falling 9% the next day.
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