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1st March 2017
Trump delivers a light-on-detail speech

In his first address to Congress, Donald Trump appeared poised and presidential, which has no doubt given a boost to his popularity, however he delivered little in the way of specifics with regards to his policies. He offered little insight into the details of his proposed corporate tax cuts, border taxes or plans to loosen financial industry regulation. However he did reiterate the promises he has made to get these plans underway and also voiced support for Nato. The response from financial markets was muted, suggesting that all markets, including equity markets, will be wanting more details from Trump regarding his policies. With this said, his speech has been considered by many as one of his best performances as a speaker and leader, being his most substantive thus far with an overall optimistic tone which is hoped will create momentum after a shaky start to his term.