It happened as it was predicted by financial analysts and strategists across the world. After the peaceful and loving goodbye speech from an almost ex-president Barack Obama, his new heir broke the silence, ready to satisfy business with his plans.
However, even though he talked a lot about his own business, his concerns about Russia, China, and the rest of the world hacking abilities towards the USA, he did not say much about fiscal stimulus, much awaited by the Wall Street bulls.
Donald Trump even managed to bring up the question of pharmaceutical companies and their new prices on medicine, calling them murders. After that, S&P health index lost 1 percent, and Nasdaq 2.96 percent.
It was his first official conference made since the elections on November 8. Everyone expected new information about cuts for taxes that he promised during his presidential campaign, spending on the infrastructure and clear plan about their global policy for the next years. The disappointment with this speech grew up even stronger when all these questions were left behind. Still, it was the time of relief for China, and their export.
The stocks continued to grow constantly during the last five weeks, because of the Donald Trump promises to support American companies with all conditions they need for the growth.
Meanwhile, after the conference, we found out a lot about Trump’s own business listening to his lawyer’s explanations and nothing about possibilities for the business of the whole country.
According to the Westpac analysts, we were left without answers on the key questions for Wall Street.