If the pros are skeptics, the public remains hopeful. Almost two-thirds of Pennsylvania investors expect the S&P 500 to rise strongly over the next six months -- twice as many as expected that before Trump's election, according to a UBS survey cited by Brad Bernstein, senior vice president in the Swiss bank's Philly office.
Trump's penchant for "taking aim at an industry" has provoked brief jumps and dips in shares of Boeing or Lockheed Martin, Hartford's Siomades says. But investors need more than slogans before making long-term bets, he added.
With Trump's cabinet picks parading before members of Congress, "it's less nebulous than slogans. Now their feet are finally being held to the fire," he added.