What will be Trump's impact on income stocks?

Affecting underlying company earnings

In the immediate aftermath of the US Presidential Election, quality and income as styles have underperformed the broader market.

While the details of many of US President Donald Trump's policies remain unclear, his presidency is broadly predicted to be pro-growth and pro-inflation.  In response, investors have rapidly begun to move to more pro-growth and pro-risk holdings. This has had a knock-on effect for the equity income sector, with investors not only temporarily overlooking the stable, mid-single-digit growth rates which are prevalent in high quality equity income portfolios, but even using such positions as funding for their portfolio rotation.  There are a few issues to consider here. Short-term cyclica...