Wall Street Hears What It Wants From Trump

“If you ask many a Wall Street investor, tax cuts are poised for extension, deregulation is all but guaranteed, immigration reform for high-skill workers has real potential and President-elect Donald Trump’s Department of Government Efficiency might just cut the deficit,” the New York Times reports.

“Tariffs, by contrast, are a mere bargaining chip. Immigrant expulsions will probably be limited, and there is no way on earth that the incoming White House would meddle with the independent Federal Reserve.”

“Hope has been riding high in financial markets and corporate boardrooms in the month-and-change since the presidential election. But it is often predicated on a bet: Many of the optimists are choosing to believe that the Trump promises they want to see fulfilled are going to become reality, while dismissing those they think would be bad for the economy as mere posturing.”