Morne Patterson - The Trump Effect: What Really Happened to US Markets 2016-2020
Understanding the impact of Donald Trump on US markets during his previous term provides valuable insights for the term ahead. In 2016, US markets witnessed the most incredible elec on response when the S&P 500 surged 1.1% on 9 November 2016, following Donald Trump's ini al victory. We saw the market rally to unprecedented heights, driven by expecta ons of substan al policy changes and economic reforms. During Trump’s previous presiden al term, his impact on US stock markets was immediate and significant. The S&P 500 demonstrated a consistent upward trajectory, with the index gaining approximately 19.4% in 2017, the first calendar year of his presidency. Small-cap stocks showed par cular strength, rising approximately 15.5% in the month following the elec on, as measured by