The lede:  The recently approved Trump tax reform package has supercharged business optimism according to global banker UBS.

“Confidence dramatically higher,” said the UBS note to investors.

More:  UBS said that the combination of a surging U.S. economy, new tax rate cuts, expected infrastructure investments and a significant reduction in regulations has companies, by a two-to-one margin planning to hire more workers and invest more in their companies.


In sum:  UBS, the Swiss-based global giant, said it has been tracking the sentiment of businesses with an average annual revenue of $3.5 million and found a big shift in optimism from the fourth quarter of 2017 to the first of 2018

The numbers:

  • Economic outlook has increased from 65 percent positive to 83 percent positive.
  • Market outlook went from 62 percent positive to 81 percent positive.
  • Business outlook jumped from 77 percent positive to 87 percent positive.
  • 65 percent said increased infrastructure spending will help their business.
  • 36 percent plan to hire more, versus 14 percent that plan to cut jobs.
  • 72 percent said the tax bill will boost the economy.
  • 72 percent approved of the administration’s regulation reform.
  • 68 percent said their companies are already benefiting from administrative actions.

Rollbacks matter…

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