Markets Try to Make Sense of Trump Tax Plan

The transcript discusses the initial reactions to a proposed tax plan, highlighting its framework nature and potential modifications once it reaches Congress. Market reactions were initially positive, with small cap stocks outperforming, but some pullback occurred as debates emerged. Experts provide insights into the policy's potential impact and the likelihood of it becoming legislation, noting that tax reform may find broader consensus in the US.

What factors contributed to the optimism surrounding the tax reform?

In what ways is the current tax reform effort seen as different from past attempts?