Profile image
By silveristhenew (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Risk Bounces After Trump Promises To Start “Spending On Infrastructure Big”, But Warns On Tax Plan

Monday, February 27, 2017 9:04
% of readers think this story is Fact. Add your two cents.

(Before It's News)

With the dollar sliding on rising fears Trump may disappoint in his address to Congress tomorrow evening, moments ago the dollar spiked, and risk assets rebounded after headlines hit from Reuters and Bloomberg in which Trump previewed what he would say, saying he would have a “big statement” on infrastructure in his Tuesday speech, adding that “we’re going to start spending on infrastructure big.”

  • TRUMP SAYS HE WILL HAVE BIG STATEMENT ON INFRASTRUCTURE IN HIS TUESDAY SPEECH.
  • TRUMP SAYS “WE’RE GOING TO START SPENDING ON INFRASTRUCTURE BIG”
  • TRUMP SAYS THERE IS `NO CHOICE’ BUT TO SPEND ON INFRASTRUCTURE
  • TRUMP SAYS HE HAS `REALLY, REALLY GOOD’ SOLUTION TO OBAMACARE

However, fading the optimistic tone, Trump also warned that his tax plan would be released only after Obamacare is tackled, and health plan costs are known:

  • TRUMP SAYS HIS TAX PLAN WILL BE RELEASED AFTER ADMINISTRATION PROPOSAL ON OBAMACARE
  • TRUMP SAYS CAN’T DO TAX PLAN UNTIL KNOW HEALTH PLAN COSTS

In other words, Trump’s “phenomenal” tax plan, the catalyst for much of the market’s recent move, may not be unveiled for a long time as a result of the previously noted hurdles facing Obamacare’s repeal and replace.

For now, however, algos heard “big” when it comes to Trump’s plans and loved it, and the result was a spike in both the USD…

… and the S&P.

Of note, the biggest rebound is in the infrastructure and construction sectors, rising on renewed hopes of an infrastructure stimulus.



Source: http://silveristhenew.com/2017/02/27/risk-bounces-after-trump-promises-to-start-spending-on-infrastructure-big-but-warns-on-tax-plan/

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories
 

Featured

 

Top Global

 

Top Alternative

 

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.