The future of the White House has been decided. So what does that mean for the rest of us?

A pillar of President-elect Donald Trump’s campaign was the economy and the work he would do to “fix” it. He even adopted the slogan in the final days of the election season.

We still have a few months before he starts work, but there are already indications of who wants and who doesn’t benefit financially from these plans. Let’s break it down:

Winners

Equity investors: The three major US indexes – S&P 500, Nasdaq Composite and Dow Jones Industrial – rose to record highs. Trump’s return is seen as a boon for the market. The president-elect’s plan to cut corporate taxes is likely the biggest catalyst for the rally. But the potential for deregulation, aided by a Republican majority in the Senate and possibly the House of Representatives, is more tailwinds for stocks.

Tesla shareholders: The EV giant left with news of Trump’s victory and ended the day up almost 15%. CEO Elon Musk’s big bet on the former president has paid off, an analyst describes Trump’s victory as a ‘home run’ for Tesla. Another said the regulatory hurdles Tesla faces with its autonomous driving technology could be accelerated now that Trump is in power.

Bitcoin Believers: Trump was largely seen as the more favorable option for digital currencies, and that is already happening bitcoin reaches record highs, surpassing the $75,000 mark on Wednesday. The self-proclaimed “crypto president” has also helped the sector’s stocks like Coinbase, which ended the day more than 31% higher.

Losers

People who hope that inflation will remain low: Trump has criticized the current administration for the high inflation that hit the country in 2022 and 2023. But most economists believe that the newly elected president’s plan will ensure minimal inflation. 10% general tariff on most imported goods inflation will flare up again. The tax that is intended to generate money for the US government is ultimately passed on to the American consumer. leading to higher prices.

Potential home buyers: Inflation concerns could result in tighter monetary policy, meaning mortgage rates will remain high. Bond yields are already soaring, indicating that the market expects the cost of borrowing to continue to rise. Ten-year U.S. Treasury yields, which closely track mortgage rates, spiked to 4.477%, the highest level since early July.

Investors in Europe: European growth is likely to take a hit of Trump’s proposed tariffs, according to Goldman Sachs. The bank’s analysts have cut their growth forecasts for the entire region to 0.8% from 1.1% next year, citing policy uncertainty from tariffs as a key driver. But at least one European is happy. The French National Polymarket “whale” made $48 million in profit of their Trump election bet.

The Insider Today team: Dan DeFrancesco, deputy editor and host, in New York. Jordan Parker Erb, editor, in New York. Hallam Bullock, editor-in-chief, in London. Ella Hopkins, editor-in-chief, in London. Grace Lett, editor, in Chicago. Amanda Yen, colleague, in New York. Milan Sehmbi, colleague, in London.