CoinVoice recently learned that Michael Brown, an analyst at Pepperstone, stated that Trump's victory may shift the market's attention to re-inflation, expected tax cuts, and potential tariff issues. The initial market reaction could include a rise in the dollar and a decline in government bonds. Expectations for regulatory relief could boost the stock market, especially in energy and defense stocks.
He stated that a Harris victory might lead to a weaker dollar as hedge operations related to Trump are unwound, allowing the trade-sensitive foreign exchange market to 'breathe a sigh of relief.' Expectations for more expansionary fiscal policy may put pressure on government bonds, while concerns about stricter regulation may pressure the stock market. However, any decline may be quickly bought on dips, with clean energy and tech stocks potentially performing better. This largely depends on the composition of Congress. For those wondering whether this election will change the long-term macro or market outlook, Brown's answer is 'absolutely not.' (Golden Ten) [Original link]
