Donald Trump probably wanted to boost the US equity market: The initial success is now turning into a failure

The sharp cut in corporate taxes and the incentives for repatriation of earnings held abroad were probably designed to obtain a sharp rise in the US equity market. The market i nitially rose , but since the autumn of 2018 share prices have on the contrary fallen sharply in the United States, as investors realise that: Fiscal stimulus at full employment cannot prevent a decline in growth; The policies implemented by Trump (protectionism, budget conflict with Congress, tougher relations with China, etc.) create great uncertainty and generate mechanisms that are negative for equities. The policy aimed at enriching US shareholders will fail.