Since he won the election, the tycoon emotionally presides over the United States. Wall Street, attentive to his arrival, officially welcomes him with a gesture of very good will.
Donald Trump returns to the presidency of the United States after four years.
donald trump emotionally presides USA from the precise moment he won the election. There is no important decision that does not keep this in mind. The FED independent, for example, announced that he was retiring from the Network of Central Banks to Green the Financial System (NGFS) in what seems like an opportunistic concession to the tycoon’s refractory vision of climate change. The FED, which decided to leave in a split vote, follows in the footsteps of a group of leading US commercial banks that walked away from the Net-Zero Banking Alliance (NZBA), an alliance of financial institutions designed to facilitate the transition towards the issuance target zero. Bank of America, Citigroup, Wells Fargo, Goldman Sachs, Morgan Stanley and, days later, JPMorgan defected from the United Nations-sponsored initiative. The banking supervisor, Michael Barr, left the position vacant, although he will remain in the FED Board of Governors. It is known that the new Administration favors more lax regulation. But the impact of Trump’s victory does not end with the economy. It is an all-terrain disruptor. It ranges from the review of the content moderation criteria of companies like Meta to the tectonic changes produced in geopolitical conflict scenarios, especially in Middle East. In that vertigo, the syrian regime of the Assad family collapsed with a crash after 53 years. And the Iranian was weakened to the extreme. A ceasefire was also announced in Loop and the promise of the release of Israeli hostages captured by Hamas. Well then, trump He only formally assumed the presidency today.
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The markets anticipate. What is not normal is that institutional arrangements or international politics do the same. But Trump is not indifferent to anyone. Even though he is known, since it is his second term, and also a lame duck, because he lacks the legal possibility (and the will?) of re-election. As Trump, By method, it is also deliberate uncertainty, it is not enough to anticipate to forge a good position. The stock market, in principle, adopted a very favorable inclination. He correctly sensed, since mid-September, the Republican victory. And he launched a fiery Trump rally that, however, stumbled in December and closed 2024, and began the New Year, with a faltering step. With Biden, By the way, he was stepping more firmly. Bonds moved tenaciously in the opposite direction. Not only the growing figure of trump but of monetary policy decisions. The FED of Powell anticipated and boldly lowered short rates by 100 basis points. In disagreement, the ten-year rate climbed a staggering 120 points (as of last week). And the dollar strengthened without haste or pause, defying the Republican claim that it should not interfere with reindustrialization and investments in the United States. Deregulatory winds explain the rise of banking stocks and cryptocurrencies. But another of the flags, the rising protection, was not enough for small stocks – small caps – but for a failed advance. The tariff issue, a battlehorse in the campaign, entered a cone of silence that must now reveal what it is about. The new Secretary of the Treasury – Scott Bessent – placed special emphasis on the desire to increase oil production by 3 million barrels per day in order to lower the cost of energy. But the price of crude oil has risen more than 15% since the beginning of December.


In other words, the Trumponomics They are not involved in the prices. Simply because no one took care to give it a precise definition either. Thus, the victorious Trump of November, who was a devastating force in the markets – when he was still far from taking the reins of the government – became blurred over time. And turned to a scattered mass of ambiguous or contradictory content that the president promises to clarify with a lightning offensive of more than one hundred initiatives in the first days of his administration.
Wall Street officially welcomes Trump with a gesture of very good will. December core inflation fell one tenth to 0.2% and fear of a calculation error in the FED that could force it to resume raising interest rates. The central bank’s own spokespersons – such as the governor Chris Waller – encouraged the idea of continuing with the rate cut if, of course, Trump does not complicate things. And the president-elect himself also sought a détente. He spoke personally with his Chinese counterpart Xi Jinping. Both parties spread their intention to “make the world more peaceful and secure.” There was no mention of the conflicting issues. TikTok, For example, he will be one of the sponsors of the presidential inauguration. trump He mistreated the allies, Panama, Denmark and Canada, but he was careful not to harass China in the run-up to his inauguration. Although it is known that politeness does not take away courage, Wall Street closed its best week since November. The ten-year rate fell from 4.80% to 4.60%. The S&P 500 advanced 2.9%. The Nasdaq, 2.5%. And the Dow Jones, 3.7%. Are the good times returning, the inertia of the bull market? Yeah trump He has no other plans, it is the path of least resistance.
Source: Ambito