Last week's big event was not the Federal Reserve meeting, nor even China's trillion-yuan stimulus plan to help its economy: The markets reacted positively, pushing indices to new all-time highs. This optimism is fueled by Trump's campaign promises, including tax cuts for businesses and individuals and maximum deregulation.
In addition, he spoke of focusing on boosting economic growth, supporting U.S. manufacturers, and stimulating exports. How much of this will be accomplished remains to be seen. Unemployment remains at 4.1%, although new jobs added were only 12,000 . Overall, we are seeing economic stability as we enter the fourth quarter., the extension of the Tax Cuts and Jobs Act promised by Trump could provide an additional 0.5% economic growth in 2025-2026.
The point is simple: the first reaction is not evidence of a long-term trend. Things can change quickly and drastically, so it's essential to keep your finger on the pulse and follow developments.
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Source: KitcoNewsNOW - 🏆 13. / 78 Read more »