Wall Street girds for Trump 2.0: Tariffs, tax cuts and volatility

Contributing sentiments towards policy:

61% : And while the last weeks of the 2024 presidential race saw betting markets move in favor of Trump over his opponent, Kamala Harris, his 2016 victory "was a general surprise, the positive market reaction was a surprise too, and the investor positioning in the runup to elections was for a disinflationary backdrop," JPMorgan strategists wrote on Monday.TARIFFS AND TAX REFORM
47% : Trump also wants tax reform, including reducing the corporate tax rate to 15%, for those companies that make their products in the U.S., after having cut the rate to 21% from 35% during his 2017-2021 presidency.
44% : Edison Research projected on Wednesday that Trump had secured more than the 270 Electoral College votes needed to win the presidency.
43% : The potential implementation of tariffs - which Trump has vowed to increase by 10% on imports, and 60% on goods from China - could make a key difference in how investors approach asset markets in coming months.
31% : "There are still going to be some question marks as to how aggressive Trump does go with tariffs, and that's going to be a story regardless of the composition of Congress, given that can be pushed through via executive action," said Garrett Melson, portfolio strategist at Natixis Investment Managers.
25% : Trump made tariffs and tax cuts key elements of his pitch to voters, many of whom said the economy was the biggest issue of the election.

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