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Trump trade: Bitcoin hit record highs and Tesla hits $1 trillion market cap
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Dadacai joined discussion · Nov 6 07:24

Impact of Trump’s election win

Impact of Trump’s election win
I think it is going to be a mixed bag for the next four years.
On the positive side, the US stock market will probably do well as Trump is pro-business and will implement tax cuts for US companies. Banks $JPMorgan (JPM.US)$ $Citigroup (C.US)$ $Bank of America (BAC.US)$ $Morgan Stanley (MS.US)$ will benefit from more lenient regulations under Trump’s administration. He is also supportive of cryptocurrency, military funding and traditional energy like oil and gas.
However, it does not bode well for Chinese and HK stocks as the tension between the US and China is likely to aggravate and he will probably impose tariffs and more protectionist measures. China will then retaliate in a tit-for-tat. He may turn his sights on other countries which have a negative trade balance with US.
Many analysts opined that inflation could get worse under Trump’s administration due to tax cuts and higher government expenditure. If so, interest rates may not be cut or by as much as previously expected. This will impact the recovery of real estate and reits.
The sectors that I think will do well are cryptocurrency, banks, traditional energy and defense. $Tesla (TSLA.US)$ will probably benefit as Musk is a major supporter of Trump but the EV industry as a whole may suffer due to Trump’s intention to cut manufacturing subsidies. Trump does not believe in climate change so I think green industries will suffer some setbacks.
Disclaimer: The above is just my personal opinion. It is not financial advice or a recommendation to buy and sell. Please consult your financial advisor before doing any investment.
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Dadacai
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