Financial Reaction To Trump Victory

Mixed reactions in the financial world about how a second Trump term will impact the economy. On one hand, markets have been rallying. The S&P 500 is up about 3.5% since Election Day, and the Russell 2000 Index of small cap companies is up about 6%. But on the other hand, officials like the Bank of France, who is also a European Bank member, said that president-elect Donald Trump’s economic agenda risks returning inflation to the United States, as well as hurting economic growth worldwide.