Cumberland CIO Says Markets Want Tax Cuts From Trump

The transcript discusses the market's indifference to deficits, focusing instead on tax cuts and repatriation bills. It highlights the disconnect between market expectations and government policy, noting the potential impact on the stock market. The anticipation of President Trump's upcoming plan in Congress is mentioned, with concerns about clarity and potential market reactions. The transcript also addresses distractions in policy-making, particularly in tax policy, due to other political issues.

What does the market primarily desire according to the first section?

• Increased government spending

• Tax cuts and a repatriation bill

• Stricter regulations

• Higher interest rates

What is necessary for the S&P 500 to reach higher levels according to the second section?

• A decrease in government spending

• A tax cut and repatriation of funds

• An increase in interest rates

• Stricter financial regulations

What is the emerging gap discussed in the second section?

• Between political parties

• Between domestic and international markets

• Between small and large businesses

• Between market expectations and government policy delivery

What is the market's concern regarding President Trump's upcoming plan presentation?

• The plan might be too detailed

• The plan might lack clarity

• The plan might focus on foreign policy

• The plan might increase taxes

What is distracting key policymakers from focusing on tax policy?

• Infrastructure projects

• Healthcare reform

• International trade agreements

• The Flynn fiasco