In the final week of November, the US equity market, as reflected by the S&P 500 Index, reached its 52nd record high of 2024, marking yet another all-time peak. With one month remaining in the year, the S&P 500 has gained an impressive 26.5% year-to-date in USD terms.
2025 Begins with a Bang: Trump’s First Moves Shake Global Markets
On the 20th of January Donald Trump took office at the White House and officially assumed the role of US president. Upon his inauguration, Trump wasted little time and signed 36 executive orders in his first week. The primary themes surrounding the orders included trade tariffs, with Mexico, Canada and China being the primary targets; energy production and the environment, where Trump has allowed for greater exploration and usage of oil and gas reserves; border immigration, most notably by declaring a National Emergency at the Southern Border of the US and Mexico on his first day in office.