News Formal

Market Rebounds as Trump Presidency Effects Persist

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 22 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 53%

Finance News

Financial Markets,Trump Presidency,Tax Cuts

Financial markets have seen significant gains based on the Trump Presidency, but consolidation and profit-taking have led to a reversion to the 20-DMA. A recovery is underway, driven by buying pressure that could reverse a short-term sell signal. Investors should be ready to deploy capital during minor pullbacks as the year-end approaches.

We discussed the impact of the Trump Presidency on financial markets, based on expectations of tax cuts, deregulation, and other policies. Since then, the market has seen significant gains. However, these gains were followed by consolidation and profit-taking, causing the market to revert to its 20-day moving average (20-DMA). Notably, the market has started to recover, driven by buying pressure that could reverse the short-term MACD sell signal.

Looking ahead, the market seems poised for a pre and post-holiday trading bump into the end of the month. While mutual funds completing their annual distributions may cause a temporary dip in early December, we expect a bullish bias to continue into year-end as professionals adjust their portfolios for year-end reporting. Investors should consider minor pullbacks and consolidations as opportunities to add exposure to equities

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla market value surpasses $1 trillion after Musk-backed Trump wins presidencyTesla's market value broke the $1 trillion mark for the first time in two years, just days after Trump won another four-year term in the Oval Office. CEO Elon Musk supported Trump.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Homebuyers Face Difficult Housing Market Under Trump PresidencyA second Trump's presidency is unlikely to offer much relief to Americans struggling with soaring home prices, low supply, and high mortgage rates, experts say.
Source: Newsweek - 🏆 468. / 52 Read more »

Here's what the Trump presidency could mean for the housing market, experts sayDonald Trump wants to address the housing shortage in the U.S. But some of his promises might be hurdles in the way.
Source: NBCLA - 🏆 319. / 59 Read more »