collected by :Jack Luxorcollected by :Jack Luxor
President Trump's trade policies may have a more significant impact on the stock market than tax reform or infrastructure spending in 2017. The more that trade policies dominate the initial Trump policy agenda, the greater the likelihood that the stock market rally will stall or reverse course. The consequences of border tax adjustments would be far-reaching for the U.S. economy and stock market. Trade may be the most consequential issue for Trump's core supporters, who believe that the North American Free Trade Agreement (NAFTA) and other free trade deals take jobs away from American workers. Trump's approach to trade is considered to be less market-friendly, as most economists think that protectionist trade policies would slow economic growth while increasing consumer prices and inflation.
according to In the weeks immediately following the election of President Donald Trump a few common themes seem to strike the market. The currency markets have also cooled off on the Trump trade as well. Following the election, it was clear what Wall Street and investors wanted most out of Trump: tax cuts and deregulation. In order for a resumption of the post-election Trump trade, there will likely have to be a shift in focus toward the policies business are excited about. The so-called Trump trade that saw stocks rips upwards, bonds tumble and inflation expectations take off as the possibility of policies such as deregulation, fiscal stimulus, and tax cuts enticed investors.
according to
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President Trump's trade policies may have a more significant impact on the stock market than tax reform or infrastructure spending in 2017. The more that trade policies dominate the initial Trump policy agenda, the greater the likelihood that the stock market rally will stall or reverse course. The consequences of border tax adjustments would be far-reaching for the U.S. economy and stock market. Trade may be the most consequential issue for Trump's core supporters, who believe that the North American Free Trade Agreement (NAFTA) and other free trade deals take jobs away from American workers. Trump's approach to trade is considered to be less market-friendly, as most economists think that protectionist trade policies would slow economic growth while increasing consumer prices and inflation.
according to In the weeks immediately following the election of President Donald Trump a few common themes seem to strike the market. The currency markets have also cooled off on the Trump trade as well. Following the election, it was clear what Wall Street and investors wanted most out of Trump: tax cuts and deregulation. In order for a resumption of the post-election Trump trade, there will likely have to be a shift in focus toward the policies business are excited about. The so-called Trump trade that saw stocks rips upwards, bonds tumble and inflation expectations take off as the possibility of policies such as deregulation, fiscal stimulus, and tax cuts enticed investors.
according to
The stock market's Trump rally has just begun
But despite the lack of clarity, enthusiasm for the president's agenda has not waned with at least one prominent strategist suggesting that the so-called Trump rally is only beginning. Wall Street is fairly upbeat on the positive impact of lower taxes and regulatory reforms promised by Trump, even if details remain murky. J.P. Morgan Chase & Co.David Kostin, chief U.S. strategist at Goldman Sachs, projected adjusted earnings per share among S&P 500 companies will rise 5% to $123 this year. All three benchmarks set new records for a second session in a row on Friday with the S&P 500 SPX, +0.36% up 8.23 points, or 0.4%, to close at 2,316.10. The White House has yet to outline the specific changes but Lakos-Bujas put forth the following assumptions:J.P. Morgan Chase & Co.read more visit us Money
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