Wednesday, June 1 2016 20:28 EEST
Robert Reich: Is Wall Street really becoming comfortable with the idea of Donald Trump in the Oval Office?
Donald Trump, presidential, elections, republican, candidate, vote, USA,  facebook, Robert Reich, opinion, Wall Street, presidency

According to CNBC, Half of Strategas Research Partner more than 650 clients -- managers of mutual funds, insurance funds, pension funds, and endowments -- think Trump will become president, compared with only 22 percent in April.

Yet the stock market climbed almost 2 percent in May and hovers near an all-time high. The firm’s chief investment strategist says 'the possibility of Donald Trump winning the presidency is well priced into the markets today.'

In this case American political commentator Robert Reich shared on Facebook his vision:

'It’s possible Wall Street is growing happier with Trump – particularly given his proposal to give the wealthiest one tenth of one percent an average tax cut of more than $1.3 million every year.

But I doubt even Wall Street is this stupid. A tax cut of this magnitude will explode the national debt and endanger the future of Social Security and Medicare. The truth is, major Wall Street investors don’t think more than three months ahead. As we get closer to November, if a Trump presidency looms likely, we’re going to see a major sell-off of stocks that may rival 2008.

What do you think?'

Yes, everything is possible and strategas already gave clients a playbook on which stocks are likely to win or lose from policies Trump contributes on his presidency. 

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