President-elect Donald Trump's policy agenda, from tariffs to deregulation, carries risks and rewards for different investment sectors, market experts said.
What's more, sectors that are expected to do well or badly based on a president's policies have sometimes gone the opposite way, according to Adam. Trump's first administration eased certain regulations for banking rules, fintech firms and financial startups.That may help bolster profitability in the sector, and therefore stock prices, said Brian Spinelli, co-chief investment officer at Halbert Hargrove in Long Beach, California, which is No.
That said, deregulation could be"absolutely huge" for the sector if it accelerates building timelines and reduces costs for developers, Goldberg said.Housing policy will be"one of the most-watched initiatives coming out of the next administration," Cox said."We haven't gotten a lot of clarity on that front."
As of Nov. 19, energy has been the top-performing sector under President Joe Biden, with a 22.9% gain, even with the administration's push for renewables and sustainability, according to Raymond James. "We would say we're probably more on the optimistic side than the cautious side," Cerasoli said."But if we know anything about Trump it's that he's a wild card."
"Once you get past that, you'll get a sense of exactly how he's going to treat energy," Cerasoli said."I think people will realize that it's not the end of the world for renewables."RFK would be a"huge wild card" for the health-care sector if the U.S. Senate were to confirm him, said Goldberg, of Professional Advisory Services.
"Whatever happens in tariffs will be an industrywide impact," Decker said."It won't discriminate against different retailers and distributors who are importing goods."