Donald Trump effect: Wall Street to become volatile due to US President's January 20 inauguration?
Wall Street experts are highlighting the importance of Donald Trump's official take over of US Presidency.
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After closing the books on a banner year for U.S. stocks, investors expect to ride seasonal momentum into mid-January when a slew of economic data and a transition of power in Washington could send markets moving. On Friday, however, stocks sold off amid some profit taking and questions about how markets could perform in January, according to analysts and traders.
Just how long upward momentum lasts will depend on several forces that could help drive markets in 2025. Monthly U.S. employment data on January 10 should give investors a fresh view into the health and strength of the U.S. economy. Job growth rebounded in November following hurricane- and strike-related setbacks earlier in the year.
The market's strength will be tested again shortly after, when U.S. companies start reporting fourth-quarter earnings.
Investors anticipate a 10.33 per cent earnings per share growth in 2025, versus a 12.47% expected rise in 2024, according to LSEG data, although excitement over President-elect Donald Trump's policies is expected to boost the outlook for some sectors like banks, energy and crypto.
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