Trump promised 'phenomenal' tax plan earlier today
The White House said the deal is for individuals and Congress.
The market is eager for the details but the real test will be how eager Congress is to implement it. The earlier talk from Paul Ryan was that it wouldn't be tackled until Summer.
In any case, anticipation about the plan and all the corporate goodies inside has pushed the S&P 500 up 16 points to a record 2310 today. What I don't quite understand is why stocks are so complacent on the risks of a crackdown on loopholes or offshoring. That's something that should be right in Trump's crosshairs.
