The post-election market rally fueled by Donald Trump’s victory is beginning to fade. Solidarity Capital CEO Jeff McClean joins Market Domination to discuss his outlook on markets as President-elect Trump transitions into the White House. McClean anticipates “super volatile” markets through 2024’s year-end, noting that each new administration appointment “seems to affect the markets.” Despite this volatility, he maintains a bullish outlook, particularly regarding Trump’s anticipated positive impact on M&A activity, IPOs, and financial stocks. “Financial stocks — I think those are justified, the pop they’ve had. I think there’s a lot to like in those stocks,” he tells Yahoo Finance, adding, “I do think they’re going to be strong from an investment banking perspective, and in the small-cap space, you might find some opportunities.” Regarding monetary policy, McClean expresses confidence in the Federal Reserve’s leadership: “I’m a in Jay Powell, I trust kind of guy. He’s done an incredible job, [but] I do think they’re probably going to slow the cutting.”
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