After the elections on November 5 in the US, the market experienced an impressive bullish streak. The Dow Jones, a stock index composed of 30 prominent US companies, reached all-time highs. However, in recent weeks it has receded.
In this context, Mawe Takyi, managing partner of Asempa Wealth Advisors, a financial advisory firm that specializes in wealth management and advice to individuals and companies, noted that this is not unusual.
“The economy remains strong, the labor market remains strong”says Takyi. “Sometimes economic data does not always translate into market behavior.”
With this pullback underway and President-elect Donald Trump’s inauguration this Monday, financial analyst Fred Dent warned online with his colleague that markets will have a lot to process in the coming weeks.
“I think it’s going to be turbulent.”Dent said. “Because there are more than 100 executive orders ready to be executed the day after the inauguration. “All related to tariffs, taxes, immigration policies, and it will take a while for the market to digest what all this means.”
The market reaction
Despite investor concerns about how these policies might play out, Dent highlights that returns come down to one key factor: company profits.
“The only thing investors can rely on is that the stock prices of the companies they own, whether in their 401K accounts or other investments, will be dictated by the profits of those companies. “How much they make by offering a good or service that people want, regardless of who the president is.”
Donald Trump inauguration speech USA
Despite a promising start to the markets, political and economic uncertainty stemming from Trump’s policies, along with housing market challenges, suggest a volatile future.
With numerous major developments, from manufacturing to data centers, Louisiana could take its state economy to new levels. However, pAffordability concerns remain in the state’s housing market.
“Inflation continues to advance, prices are rising. And housing prices either need to go down or mortgage interest rates, should decreasebut these have remained stubbornly high,” Dent said. “Until we see a drop in those rates, we won’t see much movement in the housing market.”
Data from a recently published report by Louisiana real estate agents indicates that homes sold fell 2.6%, standing at just over 38,400 at the end of the year. Costs increased just over 2%, with an average sales price of US$245,000.
Source: Ambito

I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.