CNBC's "Fast Money" CNBC Pro Talks: Dan Clifton on which stocks could be turbocharged in Trump's next term 11/25/24
Nov 25, 2024
Dan Clifton, partner and head of policy research for Strategas Securities, shares his insights on the potential post-election market shifts following a Republican victory. He discusses which stocks could thrive under anticipated policies in a Trump administration, likening market strategies to football tactics. Clifton delves into how government actions, from tax cuts to trade tariffs, could reshape sectors like defense and healthcare, emphasizing the critical role of political dynamics on investment decisions and market trends.
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An Investable Election
- The 2024 election was deemed the "most investable election" due to its global impact, particularly on trade policy.
- Trump's win introduced a binary outcome to a market pricing in a 50-50 chance, causing an initial rally followed by a pullback.
Trump's Impact on Markets
- Trump's aggressive, unconventional approach to policy announcements impacts a wider range of financial assets than previous administrations.
- This signals a return to a pre-Berlin Wall era where geopolitical risk and policy have greater market influence.
Gridlock and Executive Orders
- Despite a Republican sweep, gridlock is still anticipated due to the narrow majority in the House and the 60-vote requirement in the Senate.
- This makes executive orders more impactful, focusing on areas like immigration, energy, and deregulation.