Today President-elect Donald Trump will be sworn-in as the 45th President of the United States and the world is poised in the anticipation over the future trajectory of the nation.
With the presidential inauguration looming, stocks have slightly receded, the Dow being down 0.2% for the month, as of Thursday’s close. * The S&P 500 and Nasdaq are showing signs of slow movement, with gains of 1.1%, and 2.9%, respectively *, which suggests that the so-called Trump rally hasn’t entirely unraveled. A loss of momentum has forced investors to contemplate the future, though.
Goldman Sachs Group CEO Lloyd Blankfein, whose bank’s shares have enjoyed the biggest portion of growth after the Trump’s election says he isn’t sure what happens after Trump officially takes office.
“I’m dying to look back at this and like the outcome,” Blankfein said on Wednesday during an interview on CNBC at the World Economics Forum in Davos, Switzerland.
Trump’s Promises and their Market Effects
This report has combined some of the major promises made by Donald Trump with their following effect on the market.
Trump spokesman Sean Spicer told reporters to expect activity on Friday, during the weekend and early next week: “He is committed to not just Day 1, but Day 2, Day 3 of enacting an agenda of real change, and I think that you’re going to see that in the days and weeks to come.”
Clearly, the extended Trump Rally recently seen in stocks and the dollar has been caused by expectations of a business-friendly, pro-growth president in Donald Trump. While these expectations may ultimately be fulfilled, many near-term challenges and obstacles stand in the way of their fulfillment.
