Money Rehab with Nicole Lapin Behind the Scenes of Trump's Visit to the Stock Exchange
Dec 13, 2024
Peter Tuchman, a seasoned trader at the New York Stock Exchange and host of Trade Like Einstein, shares his firsthand experience during Trump’s visit to the trading floor. He reveals the challenges of heightened security and notable guests that day. Tuchman also discusses the unexpected market reactions, as well as the impressive gains from major players like NASDAQ and Apple. He offers valuable advice for young investors on stock selection and highlights the crucial importance of resilience and ongoing learning in the investing journey.
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Trump's NYSE Visit
- Donald Trump, soon-to-be president and Time's Person of the Year, rang the NYSE opening bell.
- Peter Tuchman, present for this historical event, noted the heightened security due to past assassination attempts.
Past Presidential Visits
- Tuchman recalls past presidential visits to the NYSE, including Bush Sr. and Barbara Bush.
- He notes that Obama, Clinton, and Biden haven't visited the NYSE floor.
Market Reaction to Trump
- Despite Trump's visit, the market didn't respond favorably, possibly due to economic data or fatigue.
- Tuchman suggests the market is finding its footing for the anticipated "Santa Claus" rally.