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Donald Trump's reelection resulted in serious gains across markets and particular sectors in Wednesday's trading session. Investors saw the Trump Trade turn into a "Trump Everything Rally," Powers Advisory Group Managing Partner Matt Powers tells Yahoo Finance, noting the spark seen in the financial (XLF) and utilities (XLU) sectors.
Powers sits down with Brad Smith on Wealth to discuss where Wall Street has seen market moves between Tuesday's election results and the interest rate cut expected from the Federal Reserve on Thursday.
"Sectors we like the possibility of the deregulation of banks and it should spark the financial sector, should benefit both large banks and regionals," Powers explains. "Oil and gas will likely benefit. Energy stocks rose quite a bit yesterday but on expectations of pro-industry policies, clean energy's probably going to continue to suffer in that area."
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Luke Carberry Mogan.