Traders Think It’s 2016, While Stock Market Has to Live in 2024

Traders Think It’s 2016, While Stock Market Has to Live in 2024

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.

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