Nuance Matters

Nuance Matters

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Nuance Matters
Nuance Matters
Just the numbers - Dec 2024

Just the numbers - Dec 2024

With a few important reminders tacked on at the end.

Patrick O'Hearn's avatar
Patrick O'Hearn
Dec 29, 2024
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Nuance Matters
Nuance Matters
Just the numbers - Dec 2024
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Photo by Toa Heftiba on Unsplash

Summary

Green circle = indicator has moved in a positive direction (from Trump’s perspective)
Red circle = indicator has moved in a negative direction (from Trump’s perspective)

Financial markets

Post-Election Day performance

The below chart tracks financial indicator performance post-Election Day. Values at Election Day have been rebased to 100 for comparison-sake.

Source: Author’s calculation

S&P 500

Why it matters: As a businessman focused on the bottom line, the stock market has always been one of the main vehicles through which Trump views the economy.

Year-to-date return: 25.83%

Post-election return: 3.25%

Source: Marketwatch

Bitcoin

Why it matters: Trump embraced Bitcoin on the campaign trail, endearing himself to the crypto community through speeches at crypto events and selecting JD Vance, a man with Silicon Valley ties, as VP.

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