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Fuel on the fire: Wall Street star Brian Friedman on the Trump trade

The Jefferies chief arrived in Sydney as his company’s shares were closing 11.2 per cent higher. He can thank the new US president for the boost.

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You can sense the smiles on Wall Street’s bankers from 16,000 kilometres away.

Donald Trump’s resounding win promises more M&A deals, more initial public offerings, more equity and debt capital raisings, more profits for listed companies and more fees for anyone in the middle of it all. That’s the early read.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/fuel-on-the-fire-wall-street-star-brian-friedman-on-the-trump-trade-20241107-p5koqk