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.
- 68The dichotomy of reaction to the Trump election victory from the mainstream media versus financial markets is truly extraordinary.
- 65The largest technology stock offering in history is looming, but few in Silicon Valley seem to care. http://www.nytimes.com/
- 62For the first time, New York City has surpassed Moscow for the most billionaire residents, according to the latest global rich list from Hurun, a group that tracks wealth in China. According to Hurun, New York added 14 billionaires this year, bringing its total to 84. Moscow, meanwhile, lost a…
- 58Jordan Belfort, whose memoir “The Wolf of Wall Street” was turned into a film by Martin Scorsese, expects to earn more this year than he made at his peak as a stockbroker, allowing him to repay the victims of his fraud. “I’ll make this year more than I ever made in my…
- 51For investors, the key to 2017 will not be Brexit, nor the French elections but rather USA bond yields. If the 10-year yield breaches 3pc we would expect major dislocations in many markets and a huge repricing of assets across the globe.