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Life without President Donald Trump? On Wall Street, that idea is being bandied about increasingly of late, as the commander-in-chief has seen his credibility as leader of the free world assailed relentless over the past weeks, ultimately spurring Wall Street stocks into their worst tailspin in months. On Wednesday, Jeremy Siegel — a prominent stock-market bull — said equity markets, specifically the Dow, would spike by 1, points if Trump announced his resignation from the U. Nevertheless, life without Trump, who had helped risk assets, like stocks, soar to record heights since his stunning election victory back in November on the back of a raft of pledges of tax cuts, infrastructure spending and deregulation, might not be so bad for Wall Street investors.
Last week, Trump fired Comey, who had been leading the Russia probe, stunning those both inside and outside of Washington. Former CNBC host and ex-hedge-fund manager Ron Insana — aligning with Josh Brown, chief executive officer of Ritholtz Wealth Management, another CNBC contributor — had this to say:. Mark DeCambre is MarketWatch's markets editor.
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