Last week, U.S. stocks rose on reports that the new administration might lower corporate tax rates.
“ Tranquility Base, Houston. All your consumables are solid. You’re looking good in every respect … Everything is copacetic. Over.” Mission Control, Apollo XI
The U.S. stock market has been rising for almost eight years now and, at roughly 16 to 17 times forward consensus-earnings expectations, it seems fairly valued to me.
After a paroxysm of fear at 3 a.m. on the morning following the U.S. election, the American stock market seems to have retroactively cast its ballot for Donald J. Trump.
John Manley, Jim Kochan, and Dr. Brian Jacobsen address the U.S. presidential election, its effect on the markets and the economy, and where to look for potential opportunity.
“Among all forms of mistake, prophecy is the most gratuitous.” —George Eliot
“… simplify, simplify.” —Henry David Thoreau
John Manley, chief equity strategist with Wells Fargo Asset Management, points to the bright spots.
John Manley and Jim Kochan, capital market strategists at Wells Fargo Asset Management, point to areas of opportunity in the equity and fixed-income markets around the globe.