Planet Money What markets bet President Trump will do
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Nov 9, 2024 Wall Street reacted dramatically to Trump's election, with some stocks soaring and others crashing. The podcast dives into how these market shifts reflect investor expectations about tariffs, taxes, and spending. It explores the implications for different sectors like banking and technology, and examines how Trump's proposed policies might influence inflation and economic forecasts. The fluctuations in treasury bonds also reveal insights into the market's predictions and the uncertainty surrounding future economic conditions.
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Market Predictions
- Wall Street's immediate reactions to Trump's win offer clues about future economic trends.
- Analyzing market behavior helps understand investor bets on the economy.
Sector Surge
- Bank, crypto, and big tech stocks surged after Trump's win, likely due to anticipated deregulation.
- Trump's potential rollback of regulations and antitrust actions are driving investor optimism in these sectors.
Renewable Energy Dip
- Renewable energy stocks dropped, anticipating Trump's potential reversal of the Inflation Reduction Act (IRA).
- However, the IRA's widespread benefits across districts could make repeal difficult, defying market expectations.