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Following President-elect Donald Trump's election victory, the stock market has reached record highs, but experts warn of potential risks. Former New York Fed President Bill Dudley cautions that the market may be overlooking the downside risks associated with Trump's impending presidency, including higher tariffs and mass deportations. Bond and currency markets indicate possible brewing trouble, despite the current market euphoria. Treasury Yields are also a red flag. Analysts suggest that the uncertainties of a new administration and potential trade wars could impact market stability. Paul Hickey from Bespoke Investment Group notes there are 'greater forces' to watch.
Bill Dudley, a Bloomberg Opinion columnist, says with President-elect Donald Trump promising higher tariffs and mass deportations, he would not be a stock market bull at this point https://t.co/xqcXXYaY3f https://t.co/1gp2qeuvgB
Given the uncertainties that come with a new administration and a potential trade war, why are U.S. stocks doing so well post-election? @JeffreyKleintop breaks down the historical market trends during the presidential transition period:
The stock market seems to be ignoring the downside risks of Trump's impending presidency, says former New York Fed President Bill Dudley https://t.co/VNq73Grjqw via @opinion