Winners and losers of Trump’s first 100 days.

The 100-day mark of any new presidency doesn’t really matter, since it’s almost impossible these days to move legislation through Congress in so little time. Yet Donald Trump himself promised a beefy set of 100-day accomplishments, and his team is scurrying to rack up achievements before the big day arrives on April 29. So here’s the Yahoo Finance list of winners and losers so far under President Trump:

WINNERS

Wall Street banks. Trump’s promise to undo regulations governing banks, especially the 2010 Dodd-Frank law, portends bigger profits for Wall Street. The KBW bank index is up 23% since Trump won on Election Day last November. That’s roughly twice the gain of the overall stock market.

Stock investors. The S&P 500 stock index has risen 11% since Election Day, with investors expecting deregulation and tax cuts to boost corporate profits. The so-called Trump rally stalled in early March, however, as the prospects for tax cuts got fuzzier. The rally could fizzle if Trump has as much trouble getting tax-reform legislation through Congress as he did the failed Obamacare repeal bill.


By Rick Newman.
Full story at Yahoo News.