Investment Strategy Insights: Making America a Great Place to do Business Again
A quick verdict was reached after the US election that Trump was a “net” positive for the markets due to: 1) regulatory rollback; 2) lower taxes; and 3) an infrastructure spend. This was offset by one negative: trade friction. We drilled down on each.
Regulatory rollback. For the second year running, the top concern in PwC’s 19th Annual Global CEO Survey was overregulation, cited by 79% of CEOs. It was No. 3 just three years ago at 62%, and mentioned by only 41% of CEOs in PwC’s first survey. Yet for relief in 2017, “repeal” is quickly giving way to “roll-back.”
Read the complete white paper at the link beneath Related Files