US President Donald Trump’s love affair with Wall Street is, to use the social media phrase, "complicated". On the surface, the love birds are smooching up a storm. When Trump delivered his intemperate inauguration speech in January, US stocks responded by hitting a record high, pushing the Dow Jones index through 20,000 points for the first time ever. The bet appears to be a simple one: Trump is promising huge infrastructure spending to deliver jobs and opportunities to his middle-American base. And he plans to cut the red tape that has held the big financial houses in check, unleashing a flood of lending that has been dammed by Barack Obama-era regulation. The love affair is personified by the raft of Goldman Sachs bankers who populate the corridors of the White House. Leading the pack is treasury secretary Steven Mnuchin, who wants to roll back Obama’s post-financial meltdown Dodd-Frank Act.
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