http://qz.com/841359/big-banks-are-more-excited-about-donald-trump-than-any-other-president-in-almost-100-years/
On average, bank stocks have fallen by 2% at this point of the
post-election period for first-term presidents going back to Hoover.
Since Trump's win, they're up nearly 15%. That means a broad index of
bank stocks is now up after Trump's victory by as much as it was down
after Obama won his first term, on the heels of Lehman Brothers'
collapse.
...
Trump's economic transition team and purported
cabinet appointees prominently feature current and former bankers. His
financial policy proposals also imply far lighter regulation--a welcome
development for an industry bedeviled by legal fines in recent
years--starting with a scrapping of the Dodd-Frank Act. Aggressive tax
cuts and infrastructure spending are also in the pipeline.
"Make
Wall Street Great Again" doesn't exactly square with Trump's populist
message, but then, he seems pretty comfortable with contradictions.
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