The Trump Effect on Financial Markets
Faster growth and lower taxes compete with inflation and higher rates.

Given the rally in the stock market following the U.S. presidential election, you’d think the investment implications of a Donald Trump administration were clear. They’re anything but. Policy specifics will likely remain scant until federal budget proposals surface this spring, and it’s not certain what will come to fruition. Trump’s proposals likely would produce financial markets with several crosscurrents—some positive, some not (or positive at first, but then less so).

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Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage, authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.
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