The president-elect clearly plans to reduce taxes for individuals and corporations early in his term.
The global economy, including the United States, is muddling through with growth well below potential, but better than a year ago.
It seems to me that the "experts" are always following the market rather than anticipating where it will go.
The continued drop in commodity prices raised fears in the financial markets that global growth was slowing to a crawl. The result? Bond prices rose while stock prices fell.
My key takeaway from the events over the last several months is that there is no place like home.
The financial markets have been held hostage by the possibility of Greece defaulting on its debt obligations and the Fed raising rates and beginning its journey toward normalization.
Last week's major events support the view that globalization is a fact of life, influencing economies, financial markets and government policies everywhere to a greater extent every day.
Bonds will lose their luster as the yield curve steepens and there will be a rotation in the stock markets to companies that will benefit from the acceleration in global growth.
The collapse of the financial markets in 2008 reinforced risk management to a fault and, as such, hedge managers as a group have underperformed the averages for the last seven years...