Donald Trump euphoria fades fast: CEOs & bankers sound the alarm after initial hype; here's why
Business executives and Wall Street bankers have lost a great deal of their excitement just weeks after US president Donald Trump came to power, as per a report.
Rising concerns
Most are slowly starting to feel apprehensive about just how unpredictable the Trump administration is going to be, reported Daily Mail. What was expected to be a pro-growth, business-friendly presidency, at the time when Donald Trump won the presidential election last year. But now enthusiasm has started fading due to policy shifts, unexpected tariffs, and the rising fear of inflation.
Even the stock market had a strong rally after the elections, with the S&P 500 hitting record highs last month, as per reports.
Uncertainty looms
The deals market had now entered into the uncertainty phase, as major companies held back on deals. This month was the quietest January in a decade, with less than 900 deals announced in the month, according to data from LSEG.
Most executives have started using terms like «fragility» and «volatility» in describing their outlooks, as most do not know what will happen next.
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