Trump enters office with an ambitious agenda
Investors welcomed Donald Trump’s second inauguration, anticipating a pro-business agenda, while remaining wary of hDuring Trump’s speech, stock futures traded higher, with contracts on the Standard & Poor’s 500 index, the Nasdaq 100 index and the Dow Jones Industrial Average trading up between 0.4% and 0.5%., as the Trump administration signaled that new tariffs would not be imposed on the new president’s first day in office.
Investment managers are adjusting portfolios across asset classes, watching his inaugural address for signals that could trigger near-term market moves. Still, there is the potential that Trump’s tariff plans could further fan inflation fears that pressure bond and stock prices, while efforts to tighten immigration controls could also reverberate through those markets. Moves to ease regulation have lifted bank stocks and sent crypto currencies soaring.
The S&P 500’s post-election rally has cooled to a 2.7% gain, following a selloff in early January on inflation fears.
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