If Trump commits to introducing positive changes such as cutting taxes and boosting infrastructure spending, then it will be “happy days” again for investors
What did portfolio managers said about Trump area?
- There are two spectacularly different scenarios for stocks under the new president, depending on which Trump shows up at the Oval Office, according to legendary investor Jim Rogers, chairman of Rogers Holdings.
- “For better or worse, President Trump has become a reality,” said Brian Belski, chief investment strategist at BMO Capital Markets, in a note.
- “The last few weeks have perhaps given us a prologue for what to expect, but now the conversation changes from ‘What will he do?’ to ‘What is he doing?’,” wrote Andrew Adams, an analyst at Raymond James, in a note to clients.
- Inflows into equities have dwindled to $1.7 billion this week from $8.1 billion in the previous week, according to data from Bank of America Merrill Lynch.
Much about President Donald Trump’s policies are yet shrouded in mystery but there is one thing that Wall Street appears to be certain of — nothing will be the same.
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