JP Morgan Calls Out Larry Summers

Looking at a new Trump administration, and amazed at the “remarkable and unique” 72 hours that surrounded perhaps one of the most contentious inaugurations in history, JP Morgan Asset Management’s Michael Cembalest is pragmatic. Yes, there are glaring issues with the Trump administration. But his outlook on regulation alone could tip the scales, he says, as the Trump administration regulatory approach might be less hands on – but also less willing to bailout systemically failing institutions.

Cembalest calls out Summers for criticizing CEOs for cooperating with Trump even before he was in office

There are a number of market analysts who are having difficulty making sense of the Trump Rally. From Cembalest's perspective,...