After 100 days of presidency for the first time, the market goes against Trump
The Trump’s victory in the November elections has boosted the stock market in the US, especially the dollar saw a rise of its value of 6.5%, the financial operators’ enthusiasm was due to the promises made by the tycoon about a great plan to reduce taxes and the abolition of Obamacare. After 100 days of presidency for the first time, the market goes against Trump, the dollar’s value dropped approximately of 3% and the stocks no longer grow. Analysts explain this phenomenon in the light of the execution speed of administration, financial operators expected that Trump immediately put his hand on taxes and Obamacare while in reality has not do anything except reject a proposal for adjustment of customs duties proposed by the House of Representatives but judged by the President too complicated. An important test for the credibility of the new administration on the stock and currency markets will be the speech on the State of the Union that Trump will make to Congress shortly.