The finance industry had resigned itself to another eight years of burdensome regulations, subpoenas, and instantly viral harangues from an ever more powerful Elizabeth Warren. More than resigned — most of Wall Street had consented to this fate. The banking industry channeled the bulk of its campaign donations into Hillary Clinton’s campaign. Among corporate titans more broadly, only one chief executive of an S&P 100 company — Emerson Electric’s David Farr — invested in Donald Turump’s presidential bid.
This industry-wide shunning of Trump — combined with the candidate’s manifest unfitness for office and radically incoherent policy agenda — fed a common wisdom that the mogul’s election would be a pox on the market.
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