US election 2024: Trump wins
The votes have been counted, and Donald Trump is set to be president of the United States again. Learn more about how the election result could impact markets and find out how you can trade this pivotal moment with CMC Markets.
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Tips for trading post-election
Spread bet or trade CFDs on US markets to speculate on whether the price of a financial instrument may rise or fall, or to hedge an existing portfolio.
Trade on the go with our powerful mobile app.
React to potential opportunities as news breaks, even when underlying markets are closed.
Create price alerts in our platform to stay on top of market action.
Take control of your trades with our risk-management tools, including stop-loss orders.
Be prepared for spikes in market volatility as the new president’s policy agenda takes shape; increased market volatility increases the risk to your capital as the market could move quickly against you.
What are the markets to watch post-election?
Examples of key markets to watch after the US presidential election include major stock market indices (such as the US 30 or the SPX 500), large-cap stocks, dollar currency pairs, and commodities such as gold and US oil benchmark West Texas Intermediate.
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Pricing is indicative. Past performance is not a reliable indicator of future results.
Trump’s second term: How the markets could react
Will Trump make America great again?
Donald Trump’s second term as president might usher in a protectionist, “America first” agenda that could have far-reaching implications for everything from the dollar to energy stocks, cryptocurrencies and perhaps even the US Federal Reserve’s independence. Trump is expected to loosen regulations on fossil fuels such as oil, gas and coal, and he may also cut red tape for corporations.
Trump’s pledge to lower corporate tax rates to 15%, from the pre-election level of 21%, could boost companies that make the bulk of their earnings in the US. That said, the move may push up prices for consumers, particularly if Trump hikes tariffs on imports to the US (which could deprive key American industries of essential parts and resources). This could cause the Federal Reserve to raise interest rates, adversely impacting US government bonds.
However, as recent history has reminded us, it is often not policies but events – such as pandemics, wars and technological breakthroughs – that tend to have the greatest impact on markets.
Moving the markets
How have the key instruments below behaved around recent presidential elections?
Select an instrument to view its price movements before and after US presidential elections since 1992.
Bill Clinton
Democrat (1993-1997)
Elected:
3 Nov 1992
Bill Clinton
3 November 1992
Democrat
Bill Clinton
Democrat (1997-2001)
Elected:
5 Nov 1996
Bill Clinton
5 November 1996
Democrat
George W. Bush
Republican (2001-2005)
Elected:
7 Nov 2000
George W. Bush
7 November 2000
Republican
George W. Bush
Republican (2005-2009)
Elected:
4 Nov 2004
George W. Bush
4 November 2004
Republican
Barack Obama
Democrat (2009-2013)
Elected:
4 Nov 2008
Barack Obama
4 November 2008
Democrat
Barack Obama
Democrat (2013-2017)
Elected:
6 Nov 2012
Barack Obama
6 November 2012
Democrat
Donald Trump
Republican (2017-2021)
Elected:
8 Nov 2016
Donald Trump
8 November 2016
Republican
Joe Biden
Democrat (2021-present)
Elected:
3 Nov 2020
Joe Biden
3 November 2020
Democrat
Joe Biden
Democrat (2021-present)
Elected:
3 Nov 2020
Donald Trump
Republican (2017-2021)
Elected:
8 Nov 2016
Disclaimer: The prices displayed above are indicative and provided for general information only. The figures refer to simulated past performance and actual past performance. Past performance is not a reliable indicator of future performance.
Q4 moves
What tends to happen to key instruments in the months around a US presidential election?
The charts below illustrate price fluctuations for our selected instruments during the months of October, November, and December, across the last five US elections.
2004: George W. Bush
2008
2012: Barack Obama
2016: Donald Trump
2020: Joe Biden
US 30
US SPX500
EUR/USD
GBP/USD
GOLD
US 30
US SPX500
EUR/USD
GBP/USD
GOLD
CMC Markets is an execution-only service provider. The material (whether or not it states any opinions) is for general information purposes only and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by CMC Markets that any particular investment, security, transaction or investment strategy is suitable for any specific person. Their trading strategies do not guarantee any return and CMC Markets shall not be held responsible for any loss that you may incur, either directly or indirectly, arising from any investment based on any information contained herein.
How to trade post-election with us
- 1
Open an account
Open a free demo account to practise trading on our award-winning2 platform with £10,000 in virtual funds. Then, when you’re ready, open a live spread betting or CFD trading account with us.
Open an account - 2
- 3
Keep up to date with US political and economic news
Keep your finger on the pulse with Reuters news and Morningstar stock data (available in our trading platform to live account holders), and get expert insights from our team of analysts.
See market news and analysis - 4
Develop a trading plan
It’s important to do your research and develop a risk-management strategy, as spread betting and CFDs are high-risk investments. Make sure you understand the risks and costs of trading, as well as the different types of orders (such as liquidations, limit or stop loss orders) and how they can impact you.
- 5
Place your trade
Once you’ve followed the above steps, you’re ready to execute your trading plan and place a trade.
US-related news
analysisThe Week Ahead: US inflation and retail sales, UK economic growth
Read our preview of major market events in the week beginning Monday, 11 November 2024, and view our economic and company reports calendar.
M. - 08 Nov 2024analysisThe Week Ahead: US election; BoE, Fed rate decisions; Arm results
Read our preview of major market events in the week beginning Monday, 4 November 2024, and view our economic and company reports calendar.
M. - 01 Nov 2024analysisThe Week Ahead: US PCE inflation, jobs report; Microsoft, Amazon results
Read our preview of major market events in the week beginning Monday, 28 October 2024, and view our economic and company reports calendar.
M. - 25 Oct 2024
Spread Betting & CFD Trading
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