New York CNN —
President-elect Donald Trump has promised to expel millions of undocumented people as part of the biggest deportation program in American history. But Wall Street doesn’t believe the looming immigration crackdown will live up to Trump’s campaign trail hype.
Although investors expect immigration will slow significantly during Trump’s second administration, just 6% of investors expect net immigration (the difference between the number of people entering and those leaving a region) will turn negative under Trump, according to a Goldman Sachs survey released Sunday.
In other words, Wall Street is betting that, even
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