[Trader’s Talk] What does a Trump 2.0 Presidency means for US Markets?

Trader’s Talk is back! What an exciting past week it has been! Former President Donald Trump is to become the next occupier of the Oval Office once more, becoming the first ever US President to serve 2 non-consecutive terms. While markets had already priced in a Trump victory even before the votes were tallied, it was the manner of his victory that surprised everyone. Trump secured 312 electoral votes to Kamala Harris’ 226 - putting to bed any mistaken notion of what was widely billed as the closest US presidential race ever. We’re still more than 2 months away from Trump formally assuming office, but the so-called Trump Trade is already making waves in the market. , opens new tab The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, while the Nasdaq notched its best week in two months and second-best week of 2024. Adding to investor optimism is the increasingly likely scanario of a “red sweep” - where the Republican Party has control of the White House, the Senate and the House of Representatives, a scenario that will make passage of Trump’s legislative agenda smoother. What does all these mean for markets? Among other things, investors are now expecting lower corporate taxes, greater deregulation, greater support for cryptocurrencies and greater US onshore production, and more. With the likes of Tesla and Bitcoin having rallied significantly since the election, what are the other pockets of opportunities for investors? Tomorrow on Trader’s Talk, our chief market strategist Isaac Lim will shed some light on what to look out for in the weeks and months ahead, and how you can postion your portfolio tactically amid the current climate. And don't forget! Submit your favourite stocks/ETFs here! Isaac will analyze the top 3 most popular picks LIVE on Trader’s Edge, breaking down stock charts to forecast upcoming trends. Stay Tuned! Don’t miss out—same time, same place.