As the election dust settles

Nov 08 00:11 2018 Print This Article

Markets

US markets had a tremendous post-election session as the great divide offers investors with some sense of relief that there are more checks and balances on President Trump freewheeling style of politics but has left analyst debating what this will mean for policy going forward. One positive take away from the Republican side, President Trump does have solid support from the Republican base.

While the likelihood of Tax reform 2.0 has lessened, I still believe that the there will be bipartisan support for the Trump administration key infrastructure initiative as the Democrats don’t want to be perceived as wet blankets and try to suppress any action which is supportive for the economy as the Democrats begin their run-up to election 2020.

However, on foreign policy, the Democratic takeover of the House of Representatives has “no influence whatsoever” on the Trump administration’s hawkish view but this does offer the Trump administration some bargaining opportunities with Congress, that is if both sides can ever put partisan politics on the backburner.

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