"The Harris Voters Betting on Trump. Democrats in business are suddenly excited about the possibilities."

From the Wall Street Journal commentator James Freeman -

It helps Americans get over a bitterly contested election if many of the losers believe that life will be better with the winners in charge. This oddest of all presidential campaigns seems to be ending with the bizarre phenomenon of Harris voters letting business colleagues know how optimistic they are about the coming four years.

Pershing Square CEO Bill Ackman posts on X:

The business community is giddy with excitement about the @realDonaldTrump administration. I am hearing this from everyone, including from people who didn’t vote for Trump.

Mr. Ackman goes on to issue his own bullish forecast, based in part on the potential of Elon Musk and Vivek Ramaswamy’s “Department of Government Efficiency” (DOGE) to cut federal red tape:

Business leaders are becoming more confident about the country and the economy. This means they will be making more investments in our future which will drive the economy and the stock market, reducing the cost of capital and bolstering confidence further, catalyzing more investment and more growth in a self-reinforcing, virtuous cycle.

Merger and acquisition activity is about to explode as there are an enormous number of deals that have been deferred pending a more favorable regulatory environment for transactions. M&A will drive efficiency, greater profitability and growth. It will also enable the return of capital to investors who will seek to redeploy their profits and proceeds in new investment opportunities.

The DOGE and deregulation will drive government efficiency and make America a vastly better and lower-risk place to do business efficiently and effectively…

China’s economy is in trouble. Europe’s is a mess.

The U.S. has now become by far the best country for investment. Growth is about to explode.

Let’s hope Mr. Ackman is right about a coming boom in the United States. What’s perhaps surprising is that he’s picking up the giddy vibes from Trumpers and non-Trumpers alike. But Mr. Ackman is not alone.

A prominent private-equity executive reports his surprise listening to a pro-Harris colleague giving a presentation this week on the suddenly sunnier outlook for deploying more capital in the U.S.

A hedge fund manager, just back from a healthcare investor conference, reports Harris fans sounding very cheerful about the postelection business environment.

A Wall Street investment banker shares a recent conversation with an industry colleague: “She voted for Harris but was oddly relieved that Trump won as her business will do better.”