President-elect Donald Trump made closing better trade deals a highlight of his candidacy, and he might have just won his biggest ally yet in that arena.
House Ways and Means Committee Chairman Kevin Brady, a crusader for free-trade agreements, said he’s ready to work with the incoming administration on its plans to assure America is getting the most economically profitable deals as possible. During the campaign, Trump’s proposals set off alarm bells for many Republicans, who believed his approach could be detrimental to the economy.
Nevertheless, Brady said the GOP is putting together an ambitious agenda to put pro-growth policies in place in 2017 — including strides to make sure American goods are successfully bought and sold abroad.
It's looking more likely that President-elect Donald Trump will preside over a continuing U.S. expansion that could take its place as the longest among American business cycles, according to Deutsche Bank AG. And Chief U.S. Equity Strategist David Bianco predicts that by the time the real estate mogul takes office in January, the S&P 500 Index will eclipse 2,250.
Investors are under-appreciating the “much higher chance now of a long lasting economic expansion that rivals the 10 year U.S. record,” the strategist writes “We're more confident now that the S&P will reach 2,500 in 2018 before suffering its next bear market.”