Wall Street’s Trump Regret: Greed, Losses, and Buyer’s Remorse
Wall Street’s anticipated economic boom under the Trump administration has failed to materialize, leaving dealmakers disappointed and banks reporting significant revenue declines. This downturn is attributed to uncertainty and a negative economic outlook, with bankers privately expressing frustration over administration policies. Meanwhile, the tech sector shows contrasting trends, with OpenAI expanding its AI infrastructure team and Alphabet’s supply-chain project, Chorus, becoming independent. Finally, the real estate market is witnessing a conflict between Zillow and realtors, impacting homebuyers.
John Q. Hosedrinker