Quote (Black XistenZ @ Jan 1 2020 12:39am)
Counterpoint: even when we're leaving the tax cuts aside, the markets could expect business-friendly and deregulatory policies from a Republican president, in contrast to the excessive red tape and attempts at a top-down control of the economy that one can expect out of a Democratic administration. Perhaps markets just like Republican economic policies more than those of the Democrats?
Gotta agree with the trade wars though. I still think they are justifiable from a strategic, long-term perspective, but on economic terms, Trump really shot himself in the foot with them after the momentum built by his tax bill.
In which case I can say the jump was too much for "they just like him".
The winners of industry are different depending on who wins. You aren't going to invest in windmills with Trump, and aren't gonna invest in mining with Hillary (by which I mean you aren't going to invest extra because you got a friendly person in office. Wind is still probably a good investment). I imagine plenty of people had a "Trump Plan" and "Hillary Plan".
A typical Democrat administration and Republican administration aren't as different as the partisanship would have you believe. Obama was definitely in the pocket of the big banks after all. He literally waited until the day after the statute of limitations for 2008 passed and made a speech saying "we should move forward, not look back" in regards to Wall-Street abuses. The difference is more in what specific industries they are cushy with, even though they have a lot of common industries as well.
And sure, maybe the jump was a little higher because a republican got at office.
This post was edited by Thor123422 on Jan 1 2020 12:50am