The Trump Factor Takes A Toll On Foreign Stocks
Portfolio Pulse from
The election victory has led to a strong rally in US equities, with SPDR S&P 500 ETF (SPY) widening its lead year to date. However, Trump's comeback is seen as a risk factor for foreign stocks due to a potential shift to an 'America First' policy.
November 15, 2024 | 4:30 pm
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SPDR S&P 500 ETF (SPY) has seen a surge due to a strong rally in US equities following the election victory, widening its lead year to date.
The election victory has fueled a rally in US equities, directly benefiting SPY as it tracks the S&P 500 index. This has led to SPY widening its lead year to date, indicating a positive short-term impact.
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