Historic trends v current unknowns. Regulations (over) are one of the major reasons for poor economic recovery after arguably the second worst economic time this country has experienced. Can Trump and the Republicans really cut the regulatory burden, implement a reasonable tax plan, change the cost of medical insurance, not to mention the “wall’ and infrastructure???? Frankly, it is to soon to tell, and Congress seems to be fractured in so many ways it many never get its act together – But, if Congress can compromise and implement key parts of Trump’s dream of a “great America”, then the market will have no where to go but up. Our key focus should be on the midterm elections in 2018 – Trump needs positive results or risks more gridlock in Congress and the markets will have to contract to accept mediocre rather then “great”.