How President-elect Donald Trump may impact investors in these 8 market sectors
As Inauguration Day nears, investors are trying to unravel what booms or busts lay ahead under President-elect Donald Trump.
Trump's campaign promises — from tariffs to mass deportations, tax cuts and deregulation — and his picks to lead federal agencies suggest both risks and rewards for various investment sectors, according to market experts.
Republican control of both chambers of Congress may grant Trump greater leeway to enact his pledges, experts said. However, their scope and timing is far from clear.
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«There's so much uncertainty right now,» said Jeremy Goldberg, a certified financial planner, portfolio manager and research analyst at Professional Advisory Services, which ranked No. 37 on CNBC's annual Financial Advisor 100 list.
«I wouldn't be making large bets one way or another,» Goldberg said.
Past market results show why it's difficult to predict the sectors that may win or lose under a new president, according to Larry Adam, chief investment officer at Raymond James.
When Trump was elected in 2016, financials, industrials and energy outperformed the S&P 500 in the first week. However, for the remaining three years and 51 weeks, those same sectors significantly underperformed, Adam explained.
«The market is known to have these knee-jerk reactions trying to anticipate where things go very quickly, but they don't necessarily last,» Adam said.
What's more, sectors that are expected to do well or poorly based on a president's policies have sometimes gone the opposite way, according to Adam.
For example, the energy sector was down by 8.4% during Trump's first administration, despite deregulation, record oil production and a rise in oil
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