Market Rebounds as Trump Presidency Effects Persist

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

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: FoxBusiness - 🏆 458. / 53 Baca lebih lajut »

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.
Sumber: Newsweek - 🏆 468. / 52 Baca lebih lajut »

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.
Sumber: NBCLA - 🏆 319. / 59 Baca lebih lajut »