It doesn’t matter if you’re a staunch liberal or part of the MAGA faithful, you have to admit that political gridlock has marked Trump’s presidency. Perhaps a carryover from President Obama’s term or even George Bush’s tenure, the infighting in Washington has reached new levels. This gridlock has been a thorn in President Trump’s side, as some of his key policy points have been met with ample opposition.
And Wall Street couldn’t care less.
The markets have continued to rise on the idea that growth and Trump’s policies will prevail. The questions for investors are whether the Street will continue to ignore the dysfunction in Washington and for how long will the gains continue?
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Roadblocks for Trump
One of the major appeals of President Trump was that he wasn’t a politician and he ran a campaign with a pro-business/pro-America platform. But that might have actually been a vulnerability. Trump was used to calling the shots at his businesses. However, Washington is a very complex machine, and one with many moving parts. With several of his policy points meeting opposition, he’s finding this out the hard way.