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Then there's deregulation. The Trump administration rolled back a lot of regulations across various sectors, including energy, finance, and the environment. This was generally seen as business-friendly, as it reduced compliance costs and made it easier for companies to operate. Reduced regulations can lead to increased profitability and investment, both of which can give the stock market a push. For example, in the energy sector, relaxed environmental regulations potentially opened up more opportunities for oil and gas companies, potentially leading to increased production and, possibly, higher stock prices for those companies. Similarly, easing financial regulations could theoretically boost activity in the financial sector, benefiting related stocks.