The problems in Washington finally caught up with Wall Street today. Stocks got hammered! Financial stocks including our beloved State Street led the sell off.
Trump's troubles may mean his Make America First policies never see the light of day. That would mean no lower tax rates, no lower regulation on banks and no end to the outsourcing of American jobs to low priced 3rd world locations.
How will State Street respond. Jay and his team are ready. They will continue to offer low salaries, no raises and more outsourcing to State Street's American workers.
Brace yourself! Trump was our last chance. If his policies don't pass---all American workers will get hit hard! The loyal State Street worker will be no exception.