Wayne Kaufman says Trump’s “flexibility” around trade is providing “confidence” to markets that he will make business-benefitting deals. “We’ve had phenomenal market activity,” Wayne says, and he is hopeful that “pullbacks may not be that bad.” He contrasts short vs long-term investing in the current environment, with an eye towards a potential market pullback in the fall. Wayne would like the Fed to cut rates to help the housing market, though he doesn’t expect a cut this week.