特朗普为大选掉转枪口？华尔街从昔日“宠儿”沦为政策“出气筒”

Core Viewpoint - The Trump administration is shifting its stance from being an ally to Wall Street to becoming an adversary, implementing policies that prioritize consumer interests over investor concerns, particularly in light of the upcoming midterm elections [1] Group 1: Policy Changes - Recent measures include blocking large investors from purchasing single-family homes, calling for a cap on credit card interest rates at 10%, and announcing restrictions on executive compensation and stock buybacks [1] - The Department of Justice has initiated a criminal investigation into Federal Reserve Chairman Jerome Powell, which is perceived as an intimidation tactic to force interest rate cuts [1][7] Group 2: Market Reactions - Financial stocks have come under pressure, with major credit card issuers like Citigroup, American Express, Capital One, Mastercard, and Visa seeing stock declines of 4% to over 7% following Trump's credit card rate cap proposal [2] - The stock prices of large single-family home landlords and Blackstone were also negatively impacted by the plan to restrict large investors from buying homes, although some stocks have since recovered [5] Group 3: Investor Sentiment - Despite the unsettling news, the overall stock indices have not shown significant concern, as investors are accustomed to Trump's fluctuating ideas and recognize that many proposals require Congressional support [6] - Analysts suggest that the market is in a wait-and-see mode, with some believing that the credit card proposal and restrictions on institutional home purchases may not materialize [6] Group 4: Broader Implications - The investigation into Powell has drawn criticism from former Federal Reserve and Treasury officials, which could hinder Trump's ability to confirm Powell's successor [7] - Other proposals, such as reducing credit card rates, may inadvertently limit credit access for low- to middle-income consumers, potentially impacting housing supply and construction [7] - The administration's push for affordability could also affect sectors beyond finance, such as energy, by aiming to lower gasoline prices through increased Venezuelan oil supply [7] Group 5: Optimistic Perspectives - Despite the concerns, some analysts at Morgan Stanley believe that the administration's focus on housing affordability could benefit certain consumer-related stocks if incentives are provided to homebuilders to increase supply [8]