Confidence soared after the U.S. election reversed in February
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Golden Finance reports that it usually takes years to make his mark on the economy, but Trump did it in just a few weeks. Many companies are optimistic about Trump's presidency, and optimism has increased significantly after the election. But the optimism was weakened by events following the inauguration. The S&P 500 rose 5% in the first five trading days after the election and has been consolidating since then.
Preliminary results from a small business survey conducted by Vistage Worldwide show that confidence soared after the U.S. election reversed in February. Wall Street has just passed the lightest January of merger announcements in 10 years. "There's so much chaos. People don't know what will land. Even though tariffs have potential long-term benefits in terms of return, what's happening right now is just turbulence." Wall Street Journal)