Every Year, Regulations Cost Small Business Manufacturers Over $30K Per Employee: JPMorgan

Hours after President Donald Trump's inauguration Jan. 20, the White House imposed a moratorium on new federal regulations and ordered heads of federal agencies and departments to identify “job-killing regulations that should be repealed.” Some media have dismissed the move as a routine part of presidential transitions but it is possible even investors may have underestimated its impact.

That’s what Michael Cembalest, chairman of market and investment strategy at J.P. Morgan Asset Management, believes. In the Eye on the Market newsletter, issued Jan. 23, wrote:

“At this point, markets may be over-estimating the magnitude of some Trump initiatives, or under-estimating the time it will take to enact them (corporate and personal tax reform, infrastructure spending); under-estimating the risks of trade...