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Wednesday, November 9, 2016

Donald Trump elected President of the United States

In an incredible political feat, Donald Trump emerged as the winner of the USA presidential election. In a continuation of popular repudiation of democratic establishments worldwide (think Brexit), Donald Trump defeated first the Republican establishment and then the Democratic candidate with a message of economic protectionism and strong border controls.

Trump's economic policies are generally considered to be supportive of:
  • Tax reform
  • Energy, including coal
  • Investment in infrastructure
  • American-made products (economic protectionism)
  • Deregulation
This would potentially be of most benefit to small companies, the energy sector, infrastructure-related sectors, and the financial sector. To a lesser extent, this may also benefit healthcare companies with less regulatory scrutiny. Benefit to large corporations with international holdings and sales may be limited (little effect from tax reform, risk from Trump's protectionist policies). Effect on the Discretionary sector at high risk from Trump's protectionist policies since most goods manufactured oversees and then shipped to the United States.

https://www.nytimes.com/2016/11/09/us/politics/hillary-clinton-donald-trump-president.html