As investors assess the potential market impacts of President-elect Donald Trump’s second term, key issues such as tax cuts, tariffs, and deregulation are in focus. Abby Yoder, a US equity strategist at J.P. Morgan Private Bank, spoke with US media to share her outlook for 2025.
Yoder noted that the effects of Trump’s policies will differ across various sectors. “For our clients, it’s crucial to consider how taxes relate to the deficit and the long-term implications for our client base,” she explained.
She emphasized that one of the main takeaways is that the growth generated by the extension of the Tax Cuts and Jobs Act is likely to counterbalance the challenges posed by tariffs. According to Yoder, these tariffs could impact the US economy from both a growth and inflation perspective.
Additionally, she identified the financial sector as particularly well-positioned to benefit in this environment.
