With plain vanilla equities increasingly shunned by most retail investors for various reasons, an interesting transition was observed in the past year: Mom and Millannial traders have became "the new oil traders." The WSJ even had an article profiling this astounding shift in May.
Donald Trump and the Republican Platform Called for Restoring Glass-Steagall and Breaking Up the Too Big to Fails
The Republican platform under Donald Trump called for restoring the Glass-Steagall separation between traditional depository banking and speculative investment banking. Trump himself has called for it.
This would lead to the break up of the giant banks.
The New York Times explains:
Moments ago, the Hollywood Reporter released the much anticipated Michael Wolff interview with Steve Bannon, the controversial president-elect's chief strategist. As a preface, Wolff reveals that Bannon - unlike virtually anyone else in the "credible" media - predicted exactly how things would play out:
Submitted by Symfonie Capital's Michael Sonenshine via ValueWalk.com,
Electoral colleges vs popular vote explained...
What??? Hillary Clinton had a majority but still lost? It may seem unbelievable and unfair, but really….it’s as fair as it’s been for more than 200 years.
A Visit to Electoral Land
Moments after Donald Trump offered the Attorney General spot to senator Jeff Sessions (which he promptly accepted), it was announced that Trump had also picked rep. Mike Pompeo as CIA director, who likewise accepted.
Trump has offered position of CIA director to US Rep Mike Pompeo and Pompeo has accepted -transition official
— Steve Holland (@steveholland1) November 18, 2016