Institution: Trump's return will boost the US stock market, but monetary policy and geopolitics will face pressure

Senior investment expert John Plassard from asset management company Mirabaud said in a report that Trump's return to the presidency could boost the US market, but at the cost of tense monetary policy, geopolitical tensions and record deficits. The America First policy will revitalize energy, defense and manufacturing industries, promoting domestic investment. However, this protectionist approach may lead to an increase in inflation rate while tariffs would increase production costs. Due to tax cuts, federal deficit might further expand and geopolitical tensions could also intensify.