The major indexes stayed on an upward trajectory on signs of growth in the U.S. economy.
The air is abuzz with talk of tax reform. It was a key plank of President Trump’s campaign, and it could become a reality with a Republican-controlled House and Senate.
It is now cliché to state that the outlook for 2017 and beyond is uncertain and that the margin for error is high.
Stocks at first traded cautiously as Federal Reserve Chair Janet Yellen testified before Congress, leaving an opening to a March rate hike.
Last week, U.S. stocks rose on reports that the new administration might lower corporate tax rates.
The major indexes moved higher once again on encouraging earnings news and the prospects of tax cuts.
The trends are clear. 2016 was the year in which the investment community warmly embraced passive portfolios.
The major indexes continued their push to record highs, boosted by optimism over President Trump’s upcoming tax plan and the ratcheting down of tensions over whether the U.S. would continue to recognize the One China policy regarding Taiwan.
Help your clients navigate through potential tax and trade reform rhetoric with Dr. Brian Jacobsen, chief portfolio strategist with Wells Fargo Asset Management.