How the White House is shaking up stock market values
Technology, banking, and oil companies are the biggest beneficiaries of Trump’s policies, in contrast to renewable energy and labor-intensive companies
Donald Trump’s return to the White House captured widespread attention last week, bringing a boost to the U.S. stock market, which has risen 2% since last Monday, further propelling the ongoing market boom. While the market is considered overvalued by most analysts, its valuations are supported by the fact that the United States leads the world in productivity and remains the global technological powerhouse, home to the major companies driving artificial intelligence development, according to Leonardo Fernández, General Manager for Iberia at Schroders. Additionally, the U.S. economy has demonstrated stronger-than-expected growth, and the dollar remains robust. “If Trump implements his promised fiscal policies, it will provide even more fuel for the fire,” says Fernández.
