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As Donald Trump begins his second presidential term, market participants’ clamor for the “Trump Trade” is growing stronger. Marked by expectations around deregulation, tax cuts, infrastructure spending, and a generally pro-business stance, this phenomenon has triggered stocks connected to Trump’s policy agenda to surge.
One sector that has been traditionally linked with Democrats stole the show at Trump’s inauguration. From Jeff Bezos to Mark Zuckerberg to Satya Nadella to Sundar Pichai, the “who’s who” of the tech world were present as Trump took oath as the 47th president of the United States.