Kwong Zishan, a member of the Institute of International Financial and Financial Planners, said that the victory of the US Presidential Election Trump has allowed all asset classes related to the "Trump trade" to rise, and the US financial, defense, industrial, technology and cryptocurrency industries are expected to benefit. One of the highlights of Trump's deal is his friendly support for cryptocurrencies.
Diane Swonk of KPMG said the Fed could cut rates in December, but it looks like they want to keep "options" going forward. One of the main challenges for the Fed right now, she said, is "communication" because this is not a time when they can offer "a lot of forward guidance".