Cedears: Donald Trump took office, Wall Street digests his speech and experts recalibrate their portfolios

donald trump assumed again as president of the USA, with a strong speech in which he referred to the duty that will impose on the international trade, stressed the need for exploit fossil fuelsand the strong industrial protectionism, among other relevant advertisements. The market, however, had already discounted a strong dollar globally and high interest rates for longer.

This is how he explained it Juan Manuel Francochief economist of SBS Group: “The international market will closely follow the announcements of US President Donald Trump, especially linked to tariffs on imports to your country already measured with fiscal impact. We remember that, in principle, Trump’s tax and trade policies would have the consequence a stronger dollar globally, higher market interest rates in dollars and downward pressure on commodity prices.”

In this context, all eyes are on the meeting of the Federal Open Market Committee (FOMC) of January 29but it is estimated that The US monetary policy rate will not change. To this scenario, the market assigns a probability of 99.5%. Despite this, there are positive data. So It is reported by Investing in the Stock Market (IEB): “In addition to the more constructive context that left the publication of CPIthe statements of John Williams, president of the New York Federal Reserve (Fed) and vice president of the FOMCwho said that the disinflation process is still underway.”

Cedears: which sectors will be boosted on Wall Street

For Rafael Di Giorno of Professionthere is two sectors that will benefit after the sayings of donald trumpthe day he was sworn in again as president of the United States: “He emphasized everything that is energy and as a consequence of that it seems to me that the sector industrialwhich is a bit forgotten. One of the phrases was ‘let’s drill, baby, drill’, its objective is to encourage oil industry versus that whole 2030 climate agenda. What it wants to do is generate cheap energy to benefit the industrial sector, which is the one that was a bit in the doldrums.“.

“He also mentioned tariffs on the import of China, but above all, Mexico and Canada, that go in the direction of trying to favor the North American industrialiststhat emerges from the speech, but we will have to see how it is implemented,” he added. Say Giorno. In this regard, it should be noted that Donald Trump threatened to impose tariffs of up to 25% to Mexico and Canadabut refrained from enact policies, despite having already signed a series of executive orders.

In turn, Jorge Ángel Harkerinternational markets analyst Adcap Financial Group, revealed that he believes that The market has already discounted “the bad” about Trumpwhich is the continuity of the deficit fiscalolder tariff ratesrestrictions on some forms of doing international business and the immigration conflict. “There are some changes that the markets have already incorporated into prices, but That doesn’t mean there aren’t opportunities.“, said.

According to his vision, exposure in cryptocurrencies. “The new President is going to liberalize the cryptocurrency market much more and there we see movements in Bitcoin, Ethereum and Ripple in recent days that are going along that line,” he described.

He also said that it is interesting take into account infrastructure companies that are involved in construction, development of roads, port infrastructure. “To these are added companies linked to the armamentdue to Trump’s pressure on Europe for the North Atlantic Labor Organization (NATO) to increase its military spending, which will have a positive impact on those companies,” he added.

Harker, in turn, highlighted the companies of American energy. “Trump is also expected to change the rules of the game and will let them explore, set up projects and do their business, something that has not been happening with Biden. In a second stage, I would calmly look to do afternoons, some roles in particular that have been losers in 2024“he points out.

Finally, the economist Gustavo Berhe told Scope: “Beyond the ups and downs that could arise until there are more details about the scope of its policies, I believe that the sectors that would benefit the most would be infrastructure, industrial and banksas well as possibly also the main cryptos as a result of its constructive position towards said assets”.