Wells Fargo's Silvia: Markets Are Correcting

The video features a discussion with an economist about the potential economic impact of Donald Trump's proposals, focusing on tax policy and infrastructure spending. The economist suggests that while there may be some movement in tax policy by late 2017, infrastructure spending is more likely a 2018 story. The market is adjusting to these realities, and there is uncertainty about the future, especially regarding trade policies with China. The economist emphasizes the need for clear policy frameworks from Congress to guide economic decision-making.

What is the expected timeline for changes in tax policy and infrastructure spending according to the economist?

• Tax policy changes in 2017, infrastructure in 2018

• No changes expected until 2019

• Immediate changes in 2017

• Both tax and infrastructure changes in 2018

Which factor is primarily responsible for the slight increase in the growth forecast for 2017?

• Consumer spending

• Interest rate cuts

• Government spending

• Export growth

What is the main concern regarding market reactions to the anticipated economic policies?

• Stable market with no changes

• Overpricing of commodities

• Underpricing of equities

• Mispricing due to uncertain stimulus

What is the key factor that could reduce uncertainty about President Trump's future actions?

• Increased trade with China

• Frequent press conferences

• Clear agreements with Congress

• Immediate policy implementation

What is the economist looking for to provide a framework for good decision making?

• Immediate tax cuts

• Meetings or press conferences with clear agreements

• A detailed economic report

• Increased infrastructure spending