Wall Street Cheers Trump's Economic Policies Amid Regulatory Rollbacks

Financial stocks are experiencing significant inflows following Donald Trump's election win, driven by investor optimism over potential deregulation and tax cuts. The Financials Select Sector SPDR Fund saw record inflows, with regional banks particularly benefiting. Goldman Sachs analysts have identified top stock picks in anticipation of these changes, including major banks, consumer finance companies, and capital markets firms. A steeper yield curve and increased M&A activity are expected to further boost the sector, with regional banks poised to gain from potential tax cuts.