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Jim Cramer calls Trump’s return to the White House a ‘huge win for the stock market’

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In the wake of the recent US presidential election Jim Kramer has linked the stock market rise to the election of the newly elected president Donald Trump and his expected pro-business policies.

What happened: Cramer noted that the election results brought relief to traders now preparing for a Trump administration, CNBC reported Thursday.

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“The fact that we already know the winner is in itself a huge win for the stock market, making it a magnet for new money. “These elections, with their vicious maelstrom of hatred and fear, are finally over,” he said.

Tesla Inc. (NASDAQ:TSLA) had a notable rally, closing up 14.75%. Cramer pointed this out Elon Muskan outspoken Trump supporter, could benefit from Trump’s tendency to reward allies. Tech giants love Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) and Amazon.com Inc. (NASDAQ:AMZN), previously weighed down by antitrust concerns, also posted gains. Cramer said cybersecurity stocks have soared on expectations of more hacking under the Trump presidency.

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Cramer acknowledged the market’s record highs during the Joe Biden government and speculated on future market movements with Trump, who has a keen interest in Wall Street.

“Who knows how high they can go with a newly elected president who always told me the Dow Jones Industrial Average was his version of the Nielsen ratings.”

Why it matters: The market rally following Trump’s election victory reflects a shift in investor sentiment. The Dow Jones index rose more than 1,500 points and reached a record high. The CNN Money Fear and Greed index moved into a ‘neutral’ zone, indicating improved market sentiment.

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The prospect of favorable tax policies under the Trump administration has further fueled the rally. Additionally, a look back at Trump’s first term provides insight into how various S&P 500 sectors might perform under his leadership. While past performance is no guarantee of future results, it provides valuable guidance for investors navigating the new administration.

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