WALL STREET CANT WAIT FOR TRUMP TO CRASH AND BURN : ECONOMIST

What happened: Economic journalist Hamish McRae wrote that Wall Street would welcome Donald Trump being "roughed up by voters" in the US midterm elections, now less than two weeks away. Key numbers: Midterms less than two weeks away. US inflation at 3.7 per cent versus the Fed's 2 per cent target. Why it matters: McRae argues markets almost always rise in the year after midterms, and that gridlock plus a weaker White House and stronger Fed would leave the US economy in better shape.

Economic journalist Hamish McRae wrote that Wall Street would welcome Donald Trump being "roughed up by voters" in the US midterm elections, now less than two weeks away.

McRae argues markets almost always rise in the year after midterms, and that gridlock plus a weaker White House and stronger Fed would leave the US economy in better shape.