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Speaker 1: Markets are reacting strongly. The Dow has surged, Bitcoin going nuts,

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Speaker 1: the US dollar is stronger, Brad Olsen's with US bread.

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Speaker 1: How strong are these movements, They are fairly considerable.

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Speaker 2: I mean, if you look at some of the stock

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Speaker 2: market reactions that we've seen this morning in the US,

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Speaker 2: I think if they kept it up, they'd be on

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Speaker 2: the Dow, for example, I think the fifth biggest points

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Speaker 2: movement in history. But to be fair, they're not the

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Speaker 2: biggest percentage shift, So I think really what you're seeing

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Speaker 2: is that, yes, there's definitely a strong market reaction. There's

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Speaker 2: probably still going to be some volatility in the market

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Speaker 2: as everyone tries to pick not only today but over

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Speaker 2: the next couple of weeks and up until the twentieth

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Speaker 2: of January when President elect Trump is sworn in, what

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Speaker 2: exactly is going to happen first, Because this is I

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Speaker 2: think a big challenge for everyone looking at the economic

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Speaker 2: ramifications of the change in president is what of the

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Speaker 2: many economic policies is he going to pursue first. Is

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Speaker 2: it going to be tax changes, Is it going to

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Speaker 2: be ten tariffs, Is it going to be deregulation? Is

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Speaker 2: it going to be them all at once? Because there

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Speaker 2: are quite a lot of options on the table where

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Speaker 2: they do have very different impacts on quite different parts

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Speaker 2: of the economy.

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Speaker 1: If you're an investor right now in New Zealand looking

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Speaker 1: at the stock market, should you be paying too much

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Speaker 1: attention or is this going to fluctuate for the next

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Speaker 1: couple of months until we get certainty on those things.

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Speaker 2: I mean, I think it will fluctuate quite a bit

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Speaker 2: because of how all of these different trends are playing out,

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Speaker 2: and I expect Look, if you're a professional investor and

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Speaker 2: that's your job, then yeah, you'll be paying a lot

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Speaker 2: of attention to it. If you're an average key we

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Speaker 2: worried about your Kiwi saber, I don't know if i'd

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Speaker 2: be immediately reacting right this second. In fact, i'd probably

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Speaker 2: again just be there's quite a few movements coming through

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Speaker 2: and if you've already taken the idea that you're happy

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Speaker 2: enough with a bit more risk in your investments, then

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Speaker 2: it's probably worth while sort of sticking around to that

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Speaker 2: and not making any rash decisions. What's also I think

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Speaker 2: been interesting in some of the trading this morning has

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Speaker 2: been just how different some of those different parts of

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Speaker 2: the economy have gone. So you've seen a number of

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Speaker 2: bank stocks and similar that have increased on the view

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Speaker 2: that there will be a bit more deregulation in the US.

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Speaker 2: Number of tech stocks as well that have seen similar trends,

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Speaker 2: but a number of ev makers as well that have

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Speaker 2: come back except for Tesla. So again, lots of moving parts,

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Speaker 2: lots of different elements, big questions as well for the dollars.

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Speaker 1: Yeah, interesting you mentioned Tesla. I'll get to Elon Musk

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Speaker 1: in a few moments and just how much money he

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Speaker 1: made overnight. Brad Olson Informentric's chief executive and principal economists

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Speaker 1: with us.

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Speaker 2: For more from Early Edition with Ryan Bridge. Listen live

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