BlackRock's Moore Sees Markets at Mercy of Tax Reform

The transcript discusses market trends and investment strategies in the context of recent political changes, particularly the impact of the Trump administration's policies on tax reform, deregulation, and infrastructure investment. It highlights the behavior of retail and institutional investors post-election, the potential risks of policy delays, and the influence of geopolitical factors on investment decisions.

What are the implications of a significant pullback in the stock market as discussed in the text?

How might the composition of investors in the market change following the election?