From CNBC: 2024-11-11 08:36:11

President-elect Donald Trump’s pro-business policies are expected to give the stock market a significant boost, according to finance professor Jeremy Siegel. The market has already reached new heights in anticipation of tax cuts and deregulation under Trump, with the S&P 500 hitting a record high last week.

Investments like Tesla and bank stocks surged following Trump’s election win, with Tesla’s market cap hitting $1 trillion. Siegel predicts that Trump’s corporate tax cuts from his first term are likely to be extended, but other tax cuts may face challenges. However, Trump’s trade policy could potentially harm growth and fuel inflationary pressures.

Read more: Trump is the most pro-stock market president in history, Wharton’s Jeremy Siegel