Under normal circumstances, it takes a year or two before a president can have an impact on the economy or world affairs. But Donald Trump won’t be president for almost two months, and already we are feeling the effects of his election.

Consumers are more confident, manufacturers more optimistic, investors more bullish. Canada is promising to toughen up its border controls. Ukraine is talking about how to end its nearly three-year-long war. There’s a ceasefire in the Middle East.

Heck, even Trump’s favorability rating broke through 50%, a rarity since he first announced his candidacy in 2015.

Let’s look at the evidence:

The RealClearMarkets/TIPP Economic Optimism Index jumped 13.4% in November to 53.2, the highest in more than three years. Anything over 50 indicates a positive for optimism, and this is the first time the index has been positive since September 2021