Market Is Slightly in Love With Trump, Says Coutts & Co.'s Higgins

The transcript discusses the investment community's reaction to political events involving Trump, highlighting market uncertainty and the impact of tax cuts. It explores the market's perception of Trump, noting a shift from nervousness to a more favorable view due to economic policies. The discussion also covers skew charts, indicating professional investors' concerns and the cost of hedging against market volatility, despite a prolonged bull market.

What does the speaker mean by the 'Teflon factor' in relation to Trump?

How does the speaker describe the current sentiment among professional investors?