1130 ET - The Strategas research team paints a grim view of how the first month of the Trump presidency is sending investors back to the sidelines. "Animal spirits that had been engendered by a decisive victory in November were now being overwhelmed, to a certain degree, by what is perceived to be hyperactivity in Washington," Strategas writes. Sentiment on DOGE seems split by party--but there is unanimous anxiety about tariffs, Strategas observes. "The economy's full potential seems unlikely to be realized until the private sector knows what the rules are," the firm writes, noting a "chilling effect" on dealmaking. (matt.grossman@wsj.com; @mattgrossman)
(END) Dow Jones Newswires
March 03, 2025 11:30 ET (16:30 GMT)
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