MARKETS FORECAST TECHNICAL ANALYSIS
The U.S. presidential election results spiraled through financial markets last Tuesday and into Wednesday morning, initially sending U.S. stock futures and the dollar sliding and havens such as gold and the Japanese yen soaring
Wall Street stocks rose last week when the Dow peaked after rising by 5% – the sharpest jump in five years
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President-elect Donald Trump’s pledge to “dismantle the Dodd-Frank Act” and replace it with new policies that encourage economic growth is feeding hopes it could be a catalyst to spur pre-emptive banking moves to New York from London
for the financial sector: If the banking environment becomes less onerous, Goldman Sachs, JPMorgan, Citigroup and others Banks from America currently have significant headcount in London, may look to relocate investment-banking roles to Wall Street. Asian and Japanese banks may follow
Fiscal expansion plan of Trump, which is expected to be reflected extensive investments in infrastructure
Manufacturers of heavy mechanical equipment required earthworks for the new interchanges, airports runways, and the like, are Trump era investment opportunity. There is no doubt that these companies will benefit from the resumption of American infrastructure, and these companies are Dow Jones – shares of the “old economy”
Trump will focus on internal US economy and try to promote it
He will be a president with a Republican Congress and Senate. Will have the strength to make changes, which is good for the economy and the market.
Trump’s supposed to be a good market share in terms of a businessman who wants to cut bureaucracy, cut corporate tax and benefit greatly with a profitable business
Dow Jones Technical |
Dow Jones |
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