NEW YORK (TheStreet) --As election results began to signal the increased probability of a Donald Trump (R) presidency on Tuesday night, the markets descended. The Dow futures alone plummeted 800 points last night. However, since the election results have become final and Trump declared victorious, the markets have rebounded substantially.
The Dow was within striking distance of eclipsing its all-time high during late afternoon trading on Wednesday.
"The message is the market is seeing Trump as the growth President, I think this is the big takeaway today," BK Asset Management managing director Boris Schlossberg said on CNBC's "Power Lunch" today.
Trump's message of increasing spending to drive up demand, unleashed stocks, he noted.
"That's why bonds and yields are also spiking so much because I think he's going to juice the economy as much as possible," Schlossberg stated.
As Trump has indicated prior to him winning the election, he wants to increase the U.S. GDP, a feat Schlossberg believes could happen sooner rather than later.
"He wants to see 3.5% maybe 4% GDP, so there will be massive spending and that will help the economy grow much faster than everybody thinks it will," he contended.
"The single-most important thing," Schlossberg continued, allowing Trump to accomplish that goal is the Republican party recapturing power in both the House of Representatives and the Senate.
"He's got the congress in his pocket right now... he has all the power," Schlossberg said.