Dow Trump

Barclays’ Wealth Management: Donald Trump Is Not Behind The Stock Market Rally

"How much of today’s undeniably rosy cheeked US economic health can we attribute to the US President?"

"How much of today’s undeniably rosy cheeked US economic health can we attribute to the US President?"
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3 comments on “Barclays’ Wealth Management: Donald Trump Is Not Behind The Stock Market Rally

  1. Peter R McMullin CFA

    I am nit necessarily a big Trump fan but his election did change the corporate “animal spirits” that had been beaten down by the previous administration which was anti-business in my opinion. I very much doubt the stock market would have been at the same level had the opposition won.Making American business competitive again is not a bad thing. Nor is better trade deals.The reaction to the tax changes has exceeded my expectations across the economic board. I do not like the debt levels-doubled under the previous administration. I think Government expenditures should be cut & I believe tax receipts will go up. Also, the stock market always anticipates change in the 48 years i have been involved. This article significantly underplays the Trup influence.

    • Can you please cite an example of a previous tax cut that led to increased tax receipts? Can you please cite any reputable economist who is predicting a rise in tax receipts as a result of the tax bill?

      Part of why treasury yields are soaring is that the market is anticipating the tremendous number of treasuries we’ll have to issue to cover debt the tax cuts is going to create. Frankly, I believe that reducing federal revenue is one of the aims of the tax bill. It will allow the republicans to use the deficits that they create to argue for cuts to entitlement spending. I’m sure Paul Ryan will be rolling out an “entitlement reform” plan soon.

  2. i think you are wrong.
    good luck anyway.
    sb

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