Stepping on the Accelerator and the Brakes

(1) A most bullish and bearish fellow. (2) The accelerator: deregulation plus tax cuts. (3) The brakes: deficits, interest rates, oil prices, and tariffs. (4) A very big bet on supply-side economics. (5) A 15% boost to earnings. (6) Small business sentiment soars on deregulation and tax cuts. (7) A big boost to corporate cash flow from Trump’s expansion of depreciation allowance. (8) Monetary and fiscal policies clashing. (9) A long-term conflict with China. (10) Bad news for emerging economies. (11) Still recommending “Stay Home.”