Why Trump would likely improve the economy

Following last week’s debate between President Joe Biden and former President Donald Trump, financial markets began to price in a Trump victory in the November presidential election. Treasuries sold off. Oil and gas stocks rallied. The broad market meandered. But as time passes, both equities and Treasuries should rally with the condition that Trump remains the probable winner in November. He is good for growth.

Trump, at least at a basic level, believes in free market capitalism and opposes big government, including the regulatory state. He believes strivers should be rewarded, not penalized. He does not want the United States to become like the European Union, where innovation is strangled, economic dynamism dies, and sloth is rewarded.