Forbes survey: More than one-third of Wall Street tycoons no longer support Trump's economic policies

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ODAILY
04-06
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Planet Daily News: Recently, Forbes contacted 50 top Wall Street leaders, including billionaire investors, major institutional asset management companies, and the largest wealth advisors in the United States, to understand their level of support for the economic strategy since President Trump took office. These 50 respondents were selected for their significant influence. Among these Wall Street heavyweights - more than half of whom supported Trump's economic policies when he returned to the White House in January - 72% said that the Trump team's economic plan was ineffective, and 66% did not support his economic policies. Among those who supported Trump just weeks ago, over one-third no longer support his economic policies, with most (54%) stating that Trump failed to implement his plan. Forbes also surveyed these Wall Street giants on specific aspects of Trump's economic policies, asking them to rate on a scale of 1 to 5, with 5 being the most favorable score. Their ratings were mostly poor. On tariffs, Trump scored 1.86 points (out of 5), with 27 respondents giving the lowest score. In the stock market, his score was equally poor at 1.96 points (25 respondents gave him 1 point out of 5), and his executive orders targeting law firms were almost as bad, scoring 2.10 points - a direct attack on the rule of law on which the American free enterprise system depends. Cryptocurrency (2.0 points) and inflation (2.16 points) ratings were also disappointing.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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