Will not all of Trump's proposed economic policies be implemented? Wharton School professor: He doesn't want to disrupt the bull market!
kseven
发表于 前天 16:42
3842
0
0
During his campaign, US President elect Trump put forward a series of economic proposals, including reducing corporate tax rates, extending personal income tax cuts, and imposing tariffs on imported goods. Analysts generally expect that overall, Trump's policy of "reducing taxes domestically and increasing taxes externally" will reignite inflation in the United States.
Jeremy Siegel, a top American economist and finance professor at the Wharton School, said on Monday that in order to avoid losing the support of stock and bond investors, Trump may not fully implement his proposed economic policies.
Siegel stated in a media interview that he believes Trump will take a firm pro market stance in the next term, even at the cost of sacrificing some of the economic policies he has proposed. He pointed out that Trump used to be keen on using the stock market as a measure of presidential success, which is why he may not want to disrupt the current bull market.
President Trump is the most pro stock market president in our history, "Siegel added. In my opinion, he is unlikely to implement policies that are detrimental to the stock market
Economists believe that some of the policies proposed by Trump will increase the federal deficit and trigger higher inflation. Last week, the bond market responded to these policies. After the election, the yield of US 10-year treasury bond bonds soared to more than 4.4%, the highest level since July.
Although the yield of US treasury bond bonds has since fallen back and stabilized, Siegel said that this is a sign that bond investors may be ready to protest any policy that leads to increased government debt or inflation.
This may also indicate that investors are concerned about the possibility of rising inflation and expect the Federal Reserve to raise interest rates.
I think the rise in bond yields after Trump's victory last Wednesday was a warning, saying 'Hey, you know, be careful of what you're doing. We're there, and we're skeptical about all the tax cuts you promised,' "Siegel said. Both the bond market and the stock market will become significant constraints on many of Trump's plans
Siegel pointed out that in the Republican led Congress, Trump's proposal to extend the 2017 tax cuts looks easy, although he expects that Trump's other tax cut proposals will face challenges. Siegel predicts that if Trump implements all of his proposed tax cuts, bond yields may ultimately exceed 5%.
Therefore, I believe that the trend of rising long-term interest rates will accompany us, "he added.
Siegel also stated that Trump is unlikely to seize control from the Federal Reserve. Although it has been reported that Trump is developing plans to exert greater influence on the Federal Reserve's policy decisions, this move may not be welcomed by the market.
He may want more negotiation, but the market likes the independence of the Federal Reserve. If he substantially undermines the independence of the Federal Reserve, it will be detrimental to both the bond and stock markets, "he added.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Looking at the bull market in the US stock market from corporate financial report meetings: Geopolitical risks have become the biggest threat!
- Everbright Securities: Why is the gold price hitting a new high? Gold is still in its third bull market in history
- Bank of America is firmly bullish: there is no sign of a foam in the US stock market. This bull market still has stamina!
- A picture of the rise and fall of gold bull and bear markets in the past 50 years
- Seize the opportunity! Renowned analyst: With 5 years left in the US stock market bull market, these stocks are the winners
- The Golden Oil and Copper Bull Market is not over yet! UBS: Commodities can rise by another 10% in the next 6 to 12 months
- Two Year Anniversary of US Stock Bull Market: Expected to Achieve Best Performance in 26 Years, How Far Can We Go in the Future?
- Trump's inauguration accelerates the bull market in the US stock market! Wall Street investment bank: Looking at 6600 points on the S&P 500 next year
- The Hong Kong Institute of Technology Frontier Technology Innovation Center, IMD Business School, and Google Cross border E-commerce Acceleration Center have all settled in Qianhai
- Is the US election result igniting a new starting point for the bull market? What are the challenges of the new US stock market trend
-
南方財経は11月12日、百済神州が2024年第3四半期の報告書を発表し、同社の第3四半期の営業収入は71.39億元で、前年同期比26.9%増加した。上場企業の株主に帰属する純利益は-8.09億元で、主に前年同期に百時米施貴宝 ...
- 1900_后
- 前天 20:21
- 支持
- 反对
- 回复
- 收藏
-
北京商報(何倩記者)は11月14日、「チャトンと野菜を買ってサウジに出航した」との情報に対し、チャトンと野菜を買った関係責任者は北京商報記者に対し、関連業務はまだ初歩的な模索にすぎず、しばらく詳細な情報 ...
- 柔柔树呆熊呆j
- 1 小时前
- 支持
- 反对
- 回复
- 收藏
-
【過去最高!暗号化通貨が突然暴騰トランプ氏が最大の推力に?】11月10日、暗号化通貨が集団で動き、午後はさらに上昇に拍車をかけた。このうち、20時現在、ビットコインは8万ドル/枚の大台に乗り、史上初めて、日 ...
- hecgdge4
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
黄仁勲が最新発表! 11月13日、英偉達の黄仁勲CEOは英偉達日本サミットで、日本最大のAI工場を含むソフトバンクと協力して日本にAIインフラを構築すると発表した。ソフトバンクの孫正義元会長兼社長は、「ソフトバ ...
- tomy123123
- 昨天 14:57
- 支持
- 反对
- 回复
- 收藏