Trump and Vance Sworn In, Ushering a New Era of American Politics

Donald J. Trump and JD Vance, who have been elected in a strong electoral college showing in the 2024 Presidential Election, ushering in a new era in American political history.

The political duo made it evident through their political campaign and speeches that they intend to make this peaceful transfer of powerful much more radically different then previous presidencies, promising far different first-day policies than their predecessors, Joe Biden and Kamala Harris.

Trump, sworn in by Chief Justice of the Supreme Court John Roberts, said in his speech that the American promise of prosperity "starts today." JD Vance, who was sworn alongside him by Associate Justice Brett Kavanaugh, will be a key player in possibly being a tie-breaking vote as President of the Senate.

Trump has pledged the most executive orders on his first day of office ever, promising up to hundreds of individuals orders, including making the Southern Border Crisis a national emergency and bringing back his Remain in Mexico immigration policy, among others.

He has also proposed the foundation of the Department of Government Efficiency, which would be led by billionaire Elon Musk and political advocate Vivek Ramaswamy. This department would attempt to tackle the federal deficit debacle by minimizing spending on various aspects of the budget, like wasteful spending.

The stock market has seen a massive rally, leading to immense "pump and dump" scheme over the course of last week, which is expected to continue leading up to this week. In the crypto market, Trump's new $TRUMP and $MELANIA coins have attracted much attention to the industry as a whole, with Trump's net worth briefly surpassing $59 billion, ten times the initial number. We may expect both crypto as well as domestic tech stocks to boom in the early stages of his presidency as he made these industries an economic priority for his administration.

Amazon CEO Jeff Bezos, Meta CEO Mark Zuckerberg, Apple CEO Tim "Apple" Cook, and Tesla CEO Elon Musk were present in the inauguration, and made it clear that they seek to work with the Trump administration to improve their respective businesses. Trump's tax cut and regulation cut proposals may benefit these companies most, leading to a possibly strong outlook for the Nasdaq over the next four years. However, his tariff promises may hurt multinational companies on the NYSE, as well as emerging markets listed as trust funds on the NYSE, leading to their subsequent declines.