Congress Will Likely Ratify Trump's Spending Plan, Analyst Says

What will happen to government bonds and the treasury with a Trump presidency? John Canally, economist at LPL Financial, believes Congress will likely ratify President Trump's spending with a sweeping Republican win in this election.

Whether the Fed will raise interest rates or put them on hold depends on how things shake out in the coming days on financial conditions, according to Canally. Right now financial conditions are tightening a little bit, but if market data continue the way they have been and President Trump elects market-friendly people to key posts, the Fed will likely raise rates for next year. 

Canally also point outs that a Trump presidency with less regulation and red tape is likely to bring back animal spirits in the form of capital creation and business hiring that have been amiss in the marketplace and the economy.

This article was written by a staff member of TheStreet.