Impact of Trump's Victory on Markets

The election of Donald Trump has significant implications for the markets as a whole, particularly with a Republican sweep in both the Senate and the House. The victory signals a potential agenda focused on combatting inflation and promoting domestic growth, which could lead to an inflationary environment due to proposed trade measures like tariffs and increased fiscal spending. The cabinet selections also indicate a focus on economic expertise that may optimize government spending in the long run. Altogether, the shift in control suggests a higher probability of growth, but with an elevated risk of inflation over time.