DECRYPTION – The billionaire's promises of lower corporate taxes and deregulation in many sectors are formidable drivers for Wall Street.
The election of Donald Trump has given wings to Wall Street. In a few days, the Standard & Poor's 500 rose to more than 6,000 points for the first time in its history and the famous Dow Jones climbed to more than 44,000, another historic record.
Promises of lower corporate taxes and deregulation in many sectors are tremendous drivers for Wall Street. The Trump effect, or “Trump Trade,” which began several weeks before the election, also propelled the dollar and bitcoin. This week, the most popular electronic currency exceeded the $90,000 threshold. After qualifying electronic currencies « scams » During his first term, Donald Trump did an about-face.
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