Trump trade war

Does Extraordinary Uncertainty Lead to Extraordinary Stock Market Risk?

On the eve of Trump’s inauguration the stock market is up and many are enthusiastic about tax cuts, repatriated corporate cash and the fiscal stimulus associated with fixing much of America’s broken infrastructure. We wrote about stocks at risk in the Trump years but there may be more. Lawrence Summers, former Harvard Prof. and Secretary of the Treasury during the Clinton years, believes that markets are underestimating risks associated with a Trump presidency. Bloomberg reports.
“This is probably the largest transition ideologically and in terms of substantive policy that we’ve seen in the U.S. in the last three quarters of a […]

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