It has been eight days since President-elect Donald Trump secured a second term, defeating Vice President Kamala Harris in what was billed as the most important election in US history. Whether the hyperbole was accurate or not, the Trump effect was observed in the financial markets, which rallied as if it were the greatest day on the planet. Stocks roared, cryptocurrencies soared, and Treasury yields ascended to the heavens like a SpaceX rocket. Considering what has occurred in the last week, Trump’s victory may be more than just flooding Wall Street with green ink and boosting asset values. It could result in a seismic shift in the economy and marketplace.
Walking the Trump Effect Runway
Steve Madden is a $3 billion shoe company. Imports into the United States account for roughly two-thirds of the company’s business, with China representing nearly…
