Stocks could be 'protected' from steep declines by Trump: BofA

[mahatmakanejeeves]

Sure he will.

Stocks could be 'protected' from steep declines by Trump: BofA

Josh Schafer
Updated Fri, January 17, 2025 at 4:02 PM EST
2 min read

US stocks have looked sluggish at times over the past several weeks as rising rates and debate over whether the Federal Reserve will cut interest rates in 2025 sent the S&P 500 (^GSPC) to its lowest levels since the election.

But a better-than-expected inflation reading on Wednesday helped US markets perk up, and Bank of America investment strategist Michael Hartnett believes further downside in the S&P 500 will be "protected" by President-elect Donald Trump in the months ahead.

During his first term as president, Trump viewed the stock market as a barometer for his own administration's success. Expectations from many investors are that Trump will remain sensitive to a pullback in US stocks during his upcoming turn.

{snip}

[ck4829]

1. "Trump viewed the stock market as a barometer of his own"... when it was up

When it was down, it was someone else's fault.

[Think. Again.]

2. I don't see how social chaos and turmoil...

...will result in a stable stock market, but what do I know.

I guess they'll just set the trading computers to only act within a certain range and fake it, like he does everything else.

[Mike 03]

4. I remember during his first term, the anchors on

Bloomberg Radio tried to account for the stock market's failure to react to some major events of the time by saying that markets had de-coupled from politics, but what they really seemed to be saying was that markets had de-coupled from reality itself and, presumably, only cared about moving interest rates, earnings calls and future profits.

[Lovie777]

3. It won't matter when billionaires assets/dollar/bitcoin/crypto decline...............

but it will affect all of us here and around the world.

Of course shithole musk and comrades will blame others but alas the blame will fall on them and their effed up base.

[dweller]

5. The stock market to the Pisswig

Is just another casino … so he has experience there

😐



✌🏻

[bucolic_frolic]

6. 11% up from here, say 2 techical gurus I watched last week.

If I see Dow 47,950 I am OUT. I doubt we'll see Dow 50K.