Equities endured a second week of negative returns for the first time since January.
We anticipate relatively mediocre returns over the next 6 to 12 months.
Republicans’ setback in health care reform could signal trouble for tax cuts and infrastructure spending.
Equities and bond yields moved higher as the Fed raised rates without indicating it would quicken the pace of increases.
The equity rally appears to be taking a breather, as investors watch the economy, political backdrop and Fed policy.
Investors are overly complacent about the state of the global economy and the political backdrop.
Equities continued to rally based on anticipation of pro-growth economic policies from Washington.
Rising uncertainty over Donald Trump’s presidency is a growing risk.
We expect action on the pro-growth Trump agenda, but the pace and scope of legislation may not be as sweeping as many hoped for.
The post-election rally took a break last week as investors await corporate earnings news.