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Awaiting President-elect Donald Trump to become the 47th president of the United States, investors are confident that the US stock market will see a positive reaction, similar to what occurred when he took office in 2017.
Trump enters office with high economic expectations, as he has promised lower inflation, lower taxes, increased domestic business, affordable housing, tariffs on foreign goods, looser regulations, and more.
That, combined with his experience as a businessman, has made investors “excited” about his return to the White House.
“Investors have been enthusiastic about the potential easing of regulations and the potential reduction in corporate and corporate income taxes,” said Sam Stovall, chief market strategist at CFRA Research. he told Reuters.
Most Americans have a positive outlook on the economy in 2025 thanks to Trump. In a CBS News and YouGov poll52 percent of people said they have “good” expectations for the economy. Meanwhile, 56 percent believe the economy is now “bad.”
Although the US stock market was closed on Monday in recognition of Martin Luther King Jr. Day, financial futures looked positive.
Dow futures, the financial prediction market that helps investors speculate on the Dow Jones Industrial Average market index, rose on Monday. S&P, Nasdaq and Russell futures also rose.
When Trump was first inaugurated in 2017, the S&P 500 had a gain of 0.34 percent. During his first 100 days in office, it rose 5 percent, and in four years it rose about 19 percent — that is, until the pandemic, when it plummeted.
But even if the U.S. stock market saw a steady rise during Trump's four years in office, it still saw declines as he led the United States into a trade war with China.
European markets traded lower on Monday in anticipation of Trump's return to power. The president-elect has threatened to impose tariffs on the European Union unless it buys more American gas and oil.
In addition to the traditional stock market, cryptocurrencies were doing well before Trump's inauguration because the incoming president and incoming first lady launched their own crypto currency. Trump also promised to promote digital currencies during his presidency.
The price of bitcoin hit an all-time high on Monday.
