If the aftermath of Donald Trump’s victory on Election Day feels joyous and tranquil, you are not alone.
Of course, there are the usual partisan differences in how people are reacting to the election. As recently as October, just 10 percent of Republicans said they were satisfied with the state of the country, according to Pew. Now, 35 percent are satisfied.Similarly, the University of Michigan’s survey of consumer sentiment showedamong Republicans and a slump among Democrats. The GOP expectations index jumped from 61.4 to 89.2, the highest since October 2020.
“The business mood has brightened in November, with confidence about the year ahead hitting a two-and-a-half year high. The prospect of lower interest rates and a more probusiness approach from the incoming administration has fueled greater optimism, in turn helping drive output and order book inflows higher in November,” said Chris Williamson, chief business economist at S&P Global Market Intelligence.
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