Current Investment Perspectives
Economic data has been generally positive: Consumer spending was a bit soft in Feb. but did rise 0.1%; personal income growth was robust in Feb. up 0.4%; and Q4 GDP growth was revised up to 2.1%.
Continue: April 3rd, 2017 Investment Perspectives
The S&P 500 ended the week flat this week, as markets pared the Fed day rally. Additionally, President Trump’s budget proposal showed a nominal reduction in total funding to government agencies and his proposed budget cut to the National Institutes of Health sent healthcare stocks mostly lower.
Strength in economic data continues to support the case for rising US interest rates. Not only did the US 10-Yr. Treas. interest rate rise to 2.58%, but markets are now also pricing in a 100% probability of a Fed hike this week.
Continue: March 13th, 2017 Investment Perspectives
The S&P 500 jumped to an all-time high after President Trump’s first address to Congress appeared to affirm hopes for greater fiscal spending & efforts at deregulation.
Continue: March 6th, 2017 Investment Perspectives
The S&P 500 ended the week up 0.7% as investors assessed the outlook for potential tax reform and other economic policies as well as a mixed tone in Janet Yellen and the Fed. Reserve (Fed) meeting minutes.
The US economy and the S&P 500 stock index are intimately connected. The connection is not always straight forward, but ultimately they move in concert with each other.
The S&P 500 hit a fresh all-time high following President Trump’s announcement that long-awaited details on tax reform would be revealed in the coming weeks.
Investors last week focused on central bank decisions and the Trump administration’s executive orders, as global policymakers try to assess the impact of new US leadership on the markets.
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