One of the caveats in Goldman's outlook centered around the idea that tax cuts might not materialize or, perhaps more appropriately, that this process will continue to be so fraught as to make it a source of ongoing angst as opposed to a reason to celebrate.

“If only Congress can pass some program of tax cuts, the thinking goes, this will provide fuel for the next leg of the equity rally – heck, maybe Donald Trump and Gary Cohn are correct and the tax plan will extend 3% economic growth for the foreseeable future!,” Bloomberg's Cameron Crise sarcastically notes on Tuesday afternoon, before cautioning that “while it's true cutting the corporate tax rate will benefit individual firms, on an aggregate basis the benefits look much more modest [and] anyone expecting a 1986-style revolution is likely to be disappointed.”

Yes, “you're likely to be disappointed” with the results of something that emanated from the brain of Donald Trump – imagine that. Hopefully, you've already set the bar appropriately low.