Market Quote: U.S. Stocks Soar Post-Election, Making Space for More Investment
Author: The editor's desk
November 14, 2024
A mid-week analysis of what’s happening in global financial markets from the perspective of AGF’s investment management team.
Victory Lap
The S&P 500 Index surged to new all-time highs following the Donald Trump’s U.S. presidential victory last week, with small caps and financials leading the charge higher.
Historically, the country’s bellwether index has generated a median return of 4% between the day of the U.S. election and the end of the calendar year, yet the perceived shift towards a more business-friendly administration in Washington could result in even greater returns over that same stretch this time around.
Tough on Trade
There’s strong support for tough trade policies among U.S. voters we’ve talked to since the election and the threat of higher tariffs has surprising support. Economists think this is a bad idea, but the public disagrees.
Moreover, few voters we spoke with believe the U.S. economy is in good shape. The public’s fear of persistent inflation — especially wage inflation — is the dominant economic issue, by far.
Spaced Out
A recent report from the World Economic Forum says the global space economy could be worth US$1.8 trillion by 2035, up from US$630 billion last year. As such, we see related investment opportunities emerging, particularly if new constellations of low-earth orbit satellites result in a growing number of new applications across various industries.
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The views expressed in this blog are those of the author and do not necessarily represent the opinions of AGF, its subsidiaries or any of its affiliated companies, funds, or investment strategies.
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Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.
AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.
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