Wall Street spooked by possible delay in tax cut, says chief strategist
Capital Link International chief strategist Uwe Parpart says it was Paul Ryan's comments about when tax cuts might materialize that troubled the markets
April 6, 2017 3:42 PM (UTC+8)
Wall Street was alarmed by House Speaker Paul Ryan’s comments that tax reform could take a while, noted Uwe Parpart from Capital Link International.
“The whole Trump rally is based on fiscal policy changes,” explained Parpart.
Parpart, who is also Editor of Asia Times, was appearing on CNBC’s Squawk Box with Bernie Lo.