Trump ties his legacy to the S&P 500, giving Wall Street hope
The post Trump ties his legacy to the S&P 500, giving Wall Street hope appeared on BitcoinEthereumNews.com. Donald Trump has always treated the stock market like his personal scoreboard. Back in his first term, he used every high in the S&P 500 as a victory lap, bragging about 401(k)s and pushing Americans to buy the dip whenever the market stumbled. He even blamed Fed Chair Jerome Powell for selloffs and reportedly considered firing him at one point. Now, as he prepares for a second term, he’s making the S&P 500 the centerpiece of his economic agenda all over again. For Wall Street, that’s good and bad. Investors who’ve enjoyed the S&P 500’s staggering 50% climb since the start of 2023 are optimistic Trump’s obsession with the market will keep the bull run alive. But they’re not blind to the risks. Trump’s economic plans come with a heavy price tag: tariffs, tax cuts for corporations, and a hardline stance on immigration. Strategists are already sounding alarms about inflation, slower growth, and a ballooning budget deficit. Wall Street floods back into stocks post-election Trump’s election victory on November 5 lit a fire under the markets. The S&P 500 posted its best post-Election Day session ever, with $56 billion flowing into U.S. equity funds in a single week. That was the biggest inflow since March, according to Bank of America strategists. The Nasdaq 100 and the Dow joined the rally, with all three major indexes hitting record highs, though they’ve pulled back slightly over the past three days. The rally is impressive, especially considering Trump’s policies aren’t exactly music to investors’ ears. His proposals include tariffs ranging from 10% to 20% on all imports, with an even steeper 60% levy on goods from China. UBS economists say these measures could slash S&P 500 profits by 10% and cause a market-wide pullback. Barclays analysts warn that the universal tariff could cut…
The post Trump ties his legacy to the S&P 500, giving Wall Street hope appeared on BitcoinEthereumNews.com.
Donald Trump has always treated the stock market like his personal scoreboard. Back in his first term, he used every high in the S&P 500 as a victory lap, bragging about 401(k)s and pushing Americans to buy the dip whenever the market stumbled. He even blamed Fed Chair Jerome Powell for selloffs and reportedly considered firing him at one point. Now, as he prepares for a second term, he’s making the S&P 500 the centerpiece of his economic agenda all over again. For Wall Street, that’s good and bad. Investors who’ve enjoyed the S&P 500’s staggering 50% climb since the start of 2023 are optimistic Trump’s obsession with the market will keep the bull run alive. But they’re not blind to the risks. Trump’s economic plans come with a heavy price tag: tariffs, tax cuts for corporations, and a hardline stance on immigration. Strategists are already sounding alarms about inflation, slower growth, and a ballooning budget deficit. Wall Street floods back into stocks post-election Trump’s election victory on November 5 lit a fire under the markets. The S&P 500 posted its best post-Election Day session ever, with $56 billion flowing into U.S. equity funds in a single week. That was the biggest inflow since March, according to Bank of America strategists. The Nasdaq 100 and the Dow joined the rally, with all three major indexes hitting record highs, though they’ve pulled back slightly over the past three days. The rally is impressive, especially considering Trump’s policies aren’t exactly music to investors’ ears. His proposals include tariffs ranging from 10% to 20% on all imports, with an even steeper 60% levy on goods from China. UBS economists say these measures could slash S&P 500 profits by 10% and cause a market-wide pullback. Barclays analysts warn that the universal tariff could cut…
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