Philadelphia, PA – President-elect Donald Trump’s pro-business stance is poised to provide a significant boost to the stock market, according to Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania.

Siegel noted that Trump’s policies are expected to foster growth and benefit risk assets, leading to market optimism following his election win. The S&P 500 surged 4.66% last week, reaching record highs and trading above 6,000 for the first time ever. Similarly, the Dow Jones Industrial Average exceeded 44,000 post-election.

Investments like Tesla, JPMorgan Chase, and Wells Fargo saw substantial gains during the week, with Tesla’s market cap hitting $1 trillion. Siegel also anticipates that Trump’s corporate tax cuts from 2017 may be extended, although further tax cuts could face challenges.

However, concerns arise regarding Trump’s trade policies, particularly his threats to impose high tariffs on trading partners. Such actions could potentially hinder economic growth and exacerbate inflationary pressures, especially as the Federal Reserve has been increasing interest rates to curb rising prices.

As investors watch Trump’s economic policies unfold, the stock market remains optimistic about the potential benefits to businesses and risk assets under his presidency. Siegel’s assessment suggests that Trump’s approach to taxes and regulations could shape market dynamics in the coming years.