Jim Cramer ascribes market rally to Trump’s victory and pro-big business policies

Jim Cramer ascribes market rally to Trump’s victory and pro-big business policies



CNBC’s Jim Cramer reviewed the market action, noting that traders were relieved the election was over and preparing for Trump’s administration. The certainty of a clear winner boosted the stock market, with all three major indexes reaching record highs. Sectors like Big Tech, which could benefit from looser regulations, saw gains. Tesla soared, possibly due to Elon Musk’s support of Trump. Cybersecurity stocks also rose. Cramer acknowledged the market’s success under Biden and questioned what lies ahead with a president-elect known for his ties to Wall Street. It remains uncertain how high stocks can go with Trump in charge.





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