'All the goodies but none of the pain' - Here's what Wall Street is saying about Trump's tax plan
The general consensus is that the plan had some good elements, but was a little light on details, which will have to be addressed as tax-writing committees craft actual legislation. Business Insider's Bob Bryan breaks down the gaps that need to be filled here .
From an economic perspective, Wall Street was lukewarm on the possibility that Trump's tax proposals - in their current form - will drive any sort of expansion. Several firms left their outlooks unchanged, citing a lack of actionable specifics.If the tax plan did give Wall Street anything to work with immediately, it comes on the markets front, where the so-called Trump Trade was alive and well on Wednesday. Both highly-taxed US companies and multinational corporations with large overseas cash holdings rallied as traders bought assets expected to benefit most from tax reform. Here's a more detailed look at trade recommendations .
Without further adieu, here's a roundup of Wall Street commentary on the tax plan: