Trumponomics Gets a Big Wall St. Thumbs Up

Donald Trump's economic plans are suddenly getting gold stars on Wall Street. Big banks such as Bank of America (BAC), UBS (UBS) and HSBC (HSBC) are bumping up their predictions for U.S. growth and stock market gains. The reason? Trumponomics. "Following Donald Trump's election victory, we have altered our GDP forecasts as we are now expecting a modest fiscal stimulus from lower tax rates and higher government spending," wrote HSBC chief U.S. economist Kevin Logan in a recent report.