President-elect Donald Trump is likely to push an "art of the possible" scenario with policies that lift GDP growth ~30bps in both 2017, 2018, Morgan Stanley analysts led by Michael Zezas write in note. Sees set of policies that "both matters to markets and has the best chance of enactment at some level" including comprehensive tax reform, infrastructure spending, and trade protectionism "Art of the possible" scenario, one of three outlined, includes trade protectionism that goes "little further
Source: Bloomberg Politics