Trump is back. Let's talk about the possible impact on domestic industries and tax reduction policies.

a. For current tech giants (except $Tesla(TSLA.US)), it's short-term bearish but may turn neutral in the long run. These tech giants essentially achieved their commercial imperialism under the globalist umbrella woven by the Democrats. Trump's return to American nativism isn't favorable for them. Fortunately, these tech giants' business moats allow them to grow independently without relying on their home country's protection, so the pressure isn't too severe.

b. However, domestic corporate tax cuts combined with interest rate reductions are actually beneficial for tech giants' EPS.

So when offsetting both directions, it feels short-term neutral-to-bearish, long-term neutral-to-bullish. $NASDAQ Composite Index(.IXIC.US)

c. For traditional industries, whether it's defense (Republican defense spending is generally high) or traditional energy (reducing green energy subsidies, not prematurely accelerating green energy penetration), it's clearly bullish for Dow Jones-represented traditional sectors. $ProShares Ultra Dow30 ETF(DDM.US)