US markets are experiencing a surge under President-elect Donald Trump’s transition and economic growth plan. Despite initial concerns about inflation, bond yields have fallen nearly half a percentage point, indicating investor approval. The stock market has rallied over 3,000 points on the Dow, driven by Trump’s proposed tax cuts, deregulation, and protectionist trade policies.
Experts attribute the positive market reaction to the appointment of key economic advisors, including Treasury Secretary Scott Bessent, National Economic Council director Kevin Hassett, and Office of Management Budget director Russ Vought. These individuals are known for their pro-growth, supply-side economic views.
Trump’s rapid transition decision-making process has also been praised, with over 70 major positions filled in just a couple of weeks. His ‘America First’ agenda is seen as a unifying force, promising to bring the country together and end divisiveness.
The Penn Wharton model suggests that Trump’s administration could successfully lower debt while sustaining economic growth, bolstering investor confidence. As Trump begins his presidency, investors are optimistic about the prospects of his economic policies, driving market sentiment to a “golden age” of prosperity.
Source: https://www.foxbusiness.com/media/larry-kudlow-markets-surging-under-trumps-transition