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Investors are still buying into the promises of Donald Trump, who took office at the end of January. However, as soon as his relationship with the party backing him begins to deteriorate, the stock exchanges will begin to fall.

“Macro-Man”, who is presumably an US blogger, used this simile to describe the impact of the activities of the new US president on the stock exchanges; primarily the New York Stock Exchange. The escalator began its upward journey after 8 November last year when Republican candidate, Donald Trump, full of economy boosting promises, was elected the 45th president of the United States. Investors’ optimism was based on their belief in the promises of the billionaire, who had been raised from the position of an entrepreneur to that of leader of the world’s number one economy. The pessimism which was apparent in the final days of January stemmed from the fact that investors had become frightened by the same promises. As well its ‘vetoing’ costing Attorney General Sally Yates her job, the draft presidential decree restricting entry into the US of the citizens of six countries with Muslim majority populations (which had been among Trump’s election promises) also caused consternation among the Republicans safeguarding the myth of the ‘American dream’. It is well known that the stock exchanges are the least likely places to tolerate uncertainty. Should the relationship between the new president and the party which backed him deteriorate, that could ultimately destroy the planned actions that have been behind the gains of the stock exchanges in the past month.

 

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The GLOBS is the only magazine in Hungary that focuses on global affairs and trade. The topics cover the different aspects of social life, business and culture (especially business culture), research and development, investment opportunities, charity initiatives, and the everyday life of the diplomatic delegations.
 
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