Agather: More Texas Stock Exchange Announcements Coming

Summary

Elaine Agather discusses Texas's rise as a financial center and an extension of Wall Street, driven by business-friendly policies, migration, and exchange competition. She notes wealthy clients remain cautious but positive and interested in alternatives. She flags data center buildout pushback as a bubble concern and sees continued financial deregulation as positive for bankers.

• Texas is becoming an extension of Wall Street, not replacing New York.
• More Texas Stock Exchange announcements are expected.
• Capital and residents are moving from California, Washington, and New York into Texas.
• Clients are cautious but positive, with interest in alternative investments.
• Data center development is facing local pushback and bubble-like concerns.
• Agather expects more financial deregulation progress.
• The US energy crisis is likely manageable.