U.S. Election Creates Upward Action in Stocks & Cryptocurrency

Nov 2024

Zeus Investments, today enthusiastically announced its outlook for a significant increase in technology stock values following Donald Trump's decisive victory in the 2024 U.S. presidential election.

The firm’s researchers anticipate that a continuation of Trump’s first term signature policies which were broadly regarded as being highly supportive of deregulation, corporate tax incentives, and economic growth initiatives could further stimulate growth in a technology sector that has experienced a boost from a 50 basis points cut in the Federal Funds rate in September.

During his previous term in office, Trump publicly expressed positive sentiment towards the crypto market and offered an easing in tax. According to the researchers’ findings, the U.S. election outcome will almost certainly have broad implications for cryptocurrency, artificial intelligence and cloud computing.

The firm expects that investor confidence in these areas could drive substantial growth in tech stocks, as the industry is well-positioned to benefit from an administration focused on fostering innovation and maintaining the U.S. competitive edge in global technology.

Frankly, we’re not particularly concerned about the implications for the global economy if president-elect Trump makes good on his campaign promise to reintroduce tariffs on imports from America’s trading partners because, with the new administration's commitment to boosting the U.S. economy, we expect strong market momentum for technology stocks, which are often the first to see gains during periods of economic optimism and policy alignment," said George Zhu, CEO of Zeus Investments.

"Our clients look to us for insights on global market shifts, and we believe this election result represents a strategic opportunity for investors to benefit from a continuation of the expected tech sector boom."

Zeus Investments also notes that while short-term fluctuations may occur as markets adjust, the long-term trajectory for technology stocks remains positive, as technological innovation continues to drive productivity, connectivity, and economic growth worldwide. The firm advises investors to consider diversified exposure to technology companies as a key component of their portfolios moving forward.