Contrary to predictions of a close race, Donald Trump has secured a decisive victory in the U.S. presidential election, winning all seven battleground states.
The Republican Party has also gained control of both chambers of Congress, ensuring that Trump’s policies can be implemented for at least two years until the November 2026 midterm elections.
As explained in my October 21st column, markets had already begun pricing in Trump’s victory since mid-October.
While some analysts warn of “adverse interest rate hikes” due to expanding fiscal deficits and inflation from tariffs, I believe a second Trump administration could potentially make America “great” again.
At his core, Trump is a businessman.
Throughout his campaign, he consistently advocated for early resolution of conflicts.
Moreover, the “political correctness” that some say went too far under the Biden administration is likely to be corrected, creating a more business-friendly environment.
I’m particularly interested in the IT cycle. The Bank of Japan’s November 1st Outlook Report included a fascinating analysis of IT-related cycles, breaking them down into:
