Trump's VP pick Vance could have a market impact if they win—Beware Meta and Alphabet

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Wall Street is weighing in on how former Donald Trump's pick for vice president could potentially influence some major policy decisions in the White House.

Wall Street is weighing in on how Donald Trump 's pick for vice president could potentially influence some major policy decisions if the former president wins reelection. Trump named Ohio Senator J.D. Vance as his running mate Monday. Best known as the author of "Hillbilly Elegy," a memoir that recounts his upbringing, Vance is also a graduate of Yale Law School and previously worked in the venture capital space with Peter Thiel .

"We doubt a reelected Pres. Trump would completely delegate the tech policy agenda to anyone given his personal interest in that space," Gallant wrote. "But we believe Sen. Vance would be a very important voice — perhaps decisive on some matters — in view of experience in the tech sector ... and of tech policy." Cryptocurrencies Many Wall Street analysts also expect Vance to maintain a favorable stance toward digital assets under a Trump White House.

 

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