December 9, 2024

Stock Sparky

The Stock Sparky Authority

Wall Street Turns to 2016, While Stock Market Has to Live in ‘24

Wall Street Turns to 2016, While Stock Market Has to Live in ‘24

A sense of déjà vu overwhelmed Wall Street this week, as Donald Trump’s election win gave the stock market a jolt similar to what happened after his victory eight years ago. Small caps soared, banks leaped and the S&P 500 Index had its best Election Day in history and strongest week in 12 months.

The challenge, however, is this is 2024, not 2016. Things have changed a lot since then.