"The stars will be aligned for tax reform," Valliere predicted. Strange bedfellows like House Speaker Paul Ryan and Senator Charles Schumer "want to do it."
International tax reform would allow repatriation of billions of dollars. It would "be great for M&A and dividends," Valliere said.
Don't expect any serious entitlement reform whoever wins. Both Bernie Sanders and DT want to increase Social Security and "winning Florida is much more important in Washington" than fixing entitlements.
Whoever wins, expect defense spending to go up. HC is far more hawkish than President Obama, and even he has displayed a willingness to bypass Congress and commit troops abroad.
As for DT, when he was asked if he would use nuclear weapons if he became president, he responded that it was "very, very" unlikely.
"I would hope so," Valliere said.