This week in Bidenomics: Don’t fumble the handoff

Published On Dec 14, 2024, 10:00 AM

President Joe Biden claims to leave Donald Trump a strong economy with record job growth and low unemployment rates, bolstered by COVID-era stimulus. However, risks remain, including potential inflation from service price increases, possible trade tariffs that could exacerbate inflation, and a potentially overvalued stock market. These factors could pose challenges for Trump’s economic plans and perceptions of economic health in the coming years.

Read full article

Stock Forecasts

SPYView SPY chart on TradingView

Negative

Given the risks of inflation and potential stock market corrections, especially if tariffs are imposed or if interest rates remain higher for longer, the market may face downward pressure. Conversely, energy stocks may benefit if Trump promotes deregulation and increases energy production.

XLEView XLE chart on TradingView

Positive

Energy sector investments may see a positive trend if Trump's anticipated policies are implemented successfully, as increased production and deregulation could boost energy stocks.

Related News

You don’t need to be a ‘Silicon Valley entrepreneur' to be rich, financial advisor says. Here's how to retire a millionaire

Dec 13, 2024, 2:13 PM

Almost anyone can build a nest egg of $1 million or more, especially if they start saving early.

SPY
VOO

Scott Bessent, Trump’s Treasury Pick, Is Poised to Test ‘Three Arrows’ Economic Strategy

Dec 13, 2024, 11:54 AM

Scott Bessent’s “3-3-3” plan to stimulate growth, reduce the deficit and expand oil production will soon face economic realities.

XLE
SPY

The Fed can't just be 'data dependent' in 2025 — it needs to be 'policy dependent'

Dec 13, 2024, 6:00 AM

Fed Chair Jay Powell has taken great pains to avoid politics. But with myriad potential government policies that could affect inflation, the central banker will be forced to once again pay attention not just to the data, but to politics and fiscal policy.

XLF
XLE