ICYMI, US President Trump spoke to Congress in the evening, (Washington time) on Tuesday
I posted on it, and summed it up in the wrap thus:
US President Trump spoke at 0200GMT, a major focus. There was plenty in the speech and its delivery to keep the political debaters interested, with Trump hitting major points like immigration, the wall, and on repeal of Obamacare . I'll leave that up to the politicos, but for markets the major points were:
- Trump wants Congress to get on with an infrastructure program worth $1 trillion
- Said he wanted to provide "massive tax relief" to the middle class
- And to cut corporate tax rates
There were no specifics (for example, he didn't mention 15% corporate tax, or any number at all) but maybe this was not the right forum for detail. Some would have been nice, though. But, there it is.
Reuters have a fuller recap up if you're after one:
