Well, what a week it has been. The 2024 U.S. presidential election, which was expected to be one of the closest and most contentious races in recent history, was called in less than 24 hours after President Trump secured decisive victories in all of the key swing states. VP-elect Vance attributed the complete failure of polling data to predict results on the fact that democrats are much more likely to participate in polling.

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When the final results were tallied, Trump emerged victorious with a commanding 312 to 226 electoral college win, while also winning the popular vote by nearly 3%. This marks a dramatic shift in the U.S. political landscape, with the Republican Party now firmly in control of both the Presidency and Senate, with the House of Reps looking like it's also going to republican control as the votes are still being tallied. Across the nation, republicans also secured victories in the majority of gubernatorial races, cementing its grip on state-level governments as well.

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The results have sent a clear message to democratic lawmakers that still have jobs: the American people do not support your agenda and it must change to earn more votes. Trump's campaign of tackling inflation, averting global conflicts, prioritizing spending on Americans, and stopping illegal immigration allowed him to make history as the first convicted felon to ascend to the Presidency. He made history again last week, by appointing his campaign director to be the first female Chief of Staff.

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Trump and Market Implications for the Next Four Years

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With Republicans about to enjoy absolute control over the federal government, as well as a majority of state houses, the stage is set for the new Trump administration to push through its ambitious legislative agenda with minimal obstruction.

Key Trump and GOP priorities include:

• Further tax cuts and deregulation to spur economic growth.some text
  • JPM rallied 9% this week.
  • COIN rallied 50% on hopes for more lax crypto regulation.
• Stricter immigration policies and border security measuressome text
  • GEO, a private prison company who would benefit from increased ICE imprisonments, rallied 80% this week.
• Rollback of environmental regulations and a shift away from renewable energy.some text
  • FirstSolar dropped 9% this week.
  • XOM rallied 5% this week.
• Increased spending on military and infrastructure (roads, bridges, airports) while forcing NATO allies to fulfill spending obligations.
• Reducing the number and power of federal workers by making it easier to fire them
• Payback for Iran's foiled assassination attempts of Trump, which will likely include sanctions on oil sales, freezing Iranian assets, and releasing pressure on Israel, enabling them to take out Iran's nuclear weapons ambitions
• Increased tariffs on imports for countries that abandon the U.S Dollar, levy tariffs on American imports, or provide government subsidies for their exports.some text
  • NUE, an American steel company, rallied 10% this week.
  • U.S. auto manufacturers set to gain from these policies, also rallied