President Trump’s address was high on rhetoric and light on detail, leaving the market underwhelmed. The address to Congress was released a good hour before the main event this morning. Mr Trump followed it word for word with no surprises or add-ons leaving the street (and myself) with the feeling of being underwhelmed. Again the President was high on policy and rhetoric and light on details. Given the legislative agenda, the Houses of Congress are going to be very busy indeed over the next six months getting it all done. I suspect though that most of what has been announced are already built into the price of the ... (full story)