The Pence factor: Get Tax Relief Passed

With his administration less than seven months old, a hot political conversation centers on US President Donald Trump potentially facing a primary challenge from an establishment Republican in 2020. With significant fights over debt ceilings and a border wall surrounding political leaders in Trump’s own party questioning his “stability” and saying he is “inviting” a primary challenge, CLSA analyst Christopher Wood notes “The Pence factor” in a Thursday report under the same name. While some say Trump doesn’t matter to the market, other say he very much matters and beneficial tax relief could significantly boost stocks in the short term….