Hi, How Can We Help You?

Wall Street Will be Watching President Trump’s Speech Closely

interior banner

Wall Street Will be Watching President Trump’s Speech Closely


It’s not an official State of the Union Address but tonight President Donald Trump will deliver his first speech before a joint session of Congress, where he is expected to put more focus on his economic and political agenda, while outlining which campaign promises, on which he has followed through. Paying special attention to President’s Trump’s speech tonight will be Wall St. as investors try to get a sense on whether his “pro-business” agenda will become a reality.

Quincy Krosby, who is a market strategist at Prudential Financial told CNBC that Trump’s speech will basically come down to two issues when it comes to what Wall Street expects: Scaling back government regulations & tax reform.

“The market has embraced pro-growth, pro-business. At the very core of that embrace is tax reform, it is scaling back regulation. The market wants to make sure that, that agenda is still a top priority. This particular speech has taken on a more prominent role for the market than it has in the past. It’s important, but it’s not where he’s going to get into specifics. This has become a must-see for the markets. There is a growing worry that the Trump agenda is running into resistance. Right now, the market has accepted the fact that it’s going to take longer, that there’s the typical horse trading you get around an agenda like this. It’s not going to be smooth sailing and quickly implemented.”

Among the issues and topics President Trump is expected to address tonight are: Healthcare and repealing the Affordable Care Act (Obamacare); An increase of ($54 billion dollars) in the U.S. Defense budget; and budget cuts in departments such as the Environmental Protection Agency (EPA), the State Department, and both the National Endowment for the Arts (NEA) & the Corporation for Public Broadcasting (CPB) -which funds PBS & NPR.

See more from CNBC below on what Wall Street is thinking on the day of of Trump’s big speech.

If you are in or near retirement and worried where the economy is headed, wouldn’t you like to lock in the gains you’ve made on the stock market and never have to worry about another crash or downturn?  There is a safe and guaranteed alternative to the risk, corruption and fees within the securities industry, and it’s called the exclusive Crash Proof Retirement System. If you’re worried about losing any part of your retirement nest-egg then let Phil Cannella and Joann Small educate you on the exclusive Crash Proof Retirement System. This proprietary system is designed so that when the market goes up, your accounts can experience gains, but when the market goes down or crashes, your accounts stay even; You never lose a penny of your principal and that’s guaranteed! Get educated on the proprietary Crash Proof Retirement System at the next Crash Proof event!

Register here.

There is no cost…No obligation…Just a Crash Proof Education from the creator of the exclusive Crash Proof System-Phil Cannella, and the CEO of Crash Proof Retirement- Joann Small.

See what you’ll learn at a Crash Proof Retirement Educational Event. Watch below.

Share Post

Leave a Reply