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šø Trump's Win Is About To Supercharge Consumer Spending - Until January
A great way to play rising oil prices, and what Trump means for cannabis stocks
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Happy Thursday! President-Elect Trumps most famous policy proposal may just be his proposed tariffs on all goods entering the country. A leading economist thinks this is already making Americans rush to buy things, which may be great for certain stocks - this year. Plus, how to invest to profit from the spiking price of oil.
Plus, looking to up your stock trading game? Todayās partner may be what youāre looking for.
MARKET RECAP
Yesterday: Markets continued to rally, the dollar surged, but Treasuries plunged ahead of the Fed meeting on Thursday.
On Our Radar: Traders and investors are taking a brief break from the election and earnings today, as the Fed announces whether itās cutting interest rates, and by how much.
TOP STORY
What Happened: A leading economist has suggested that Americans may be about to move up purchases of big-ticket items from next year into this year, in anticipation of President-elect Donald Trumpās proposed 20% tariff on imports.
FIVE ZINGERS
Smaller Is Better: Shares of smaller, regional banks just had their best day in four years, surging 13.4% and outperforming even large banks. Hereās why, and whatās next.
To The Moon: The cryptocurrencies Bitcoin, Ethereum, and Dogecoin continue to surge following Trumpās election victory. But one expert thinks theyāve gone too far, too fast. Hereās what comes next.
Past is Prologue: With Trump set to return to the White House in January, investors are turning to history to see what markets may do. Hereās how the sectors of the S&P 500 performed under Trumpās first term, and what they may do this time.
No entry fee, no risk: You could win up to $30,000. Just sign up for Benzinga's paper trading competition and start making those trades.
Lighting Up: During his first term in the White House, President-Elect Trumpās views on marijuana legalization were unclear. Heās since changed his tune. Hereās how that may affect cannabis stocks.
ONE FOR THE ROAD
Oil prices have spiked after tensions in the Middle East escalated, with signs that Iran is planning to strike against Israel, while Israelās Prime Minister has fired his own Defense Minister, causing widespread protests.
One oil company in particular is doing well because of the rising prices. Its share price has just created a new price āfloorā it wonāt go under.
BEFORE YOU GO
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