Markets reacted positively to Donald Trump's victory, but David Kelly, the chief global strategist at J.P. Morgan Asset Management, isn't celebrating.
For Mike Mayo, the veteran analyst known for pointed opinions on the largest US banks, the election of Donald Trump is nothing short of a sea change.
Morgan Stanley faces significant challenges as a federal judge ruled against it in a long-standing legal dispute with hundreds of financial advisors.
Stocks rallied hard after the election but the bond market reaction suggests further gains on the equity side of the Trump Trade could be difficult.