What Investors Might Have Missed in the Markets Last Week

Love him or hate him, believe his statements or prefer to disprove them, President Donald Trump sure seemed to push the markets higher as he pledged to move quickly on the “phenomenal” tax code changes. Stocks surged immediately following Trump’s proclamation and continued the trend higher through Friday, with the S&P 500 for $90 per share in cash, valuing Mead Johnson’s equity at $16.6 billion, with the total transaction value reaching $17.9 billion, including the latter’s net debt.