This week in Bidenomics: See ya!

Published On Nov 9, 2024, 10:00 AM

Recent polls indicate that voters are dissatisfied with the Biden economy, primarily due to inflation, despite some positive economic indicators like job growth and reduced inflation rates. Following the recent elections, Donald Trump's victory suggests a shift in economic confidence as markets reacted positively to potential tax cuts and deregulation under his expected presidency. However, concerns remain about inflation's return under Trump's policies, particularly regarding tariffs and labor costs. The current environment indicates a bearish outlook for Biden-era policies as Trump takes the helm with expectations for economic change.

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In light of the anticipated policy changes under Trump and the favorable market reaction to his election, sectors that may benefit include financials and energy, particularly due to expected deregulation. Conversely, sectors sensitive to inflationary pressures like housing could face challenges.

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