Markets abhor uncertainty.
That bit of Wall Street wisdom helps explain their ebb and flow since Donald J. Trump’s victory on Election Day, and even earlier.
Stocks and bond yields began rising early in October, when Wall Street concluded that Mr. Trump would win.
Yet for the markets, uncertainty hasn’t vanished.
He promises lower corporate taxes and less regulation: Those assurances are being widely interpreted as a recipe for fat company profits and a prosperous stock market.
Persons:
Donald J, Trump, It’s
Organizations:
Wall, Mr, Trump
Locations:
Washington