Last week, the United States government might as well have hung a sign on the front door of the Capitol that read, “Gone negotiating. We’ll be back in…however long it takes.”
Inflation, inflation, where’s the inflation?
The U.S. Federal Reserve has been raising interest rates in anticipation of higher inflation.
Whoosh! Bang! Flash! Fizz! Whistle!
U.S. stock markets delivered their own version of fireworks to celebrate the New Year. During the first week of 2018, the Dow Jones Industrial Average hit a new all-time high, moving above 25,000 for the first time ever. The NASDAQ Composite and Standard & Poor’s 500 Indices also rose to new highs.
How good was 2017?
It was so good, the Standard & Poor’s (S&P) 500 Index finished in positive territory every month for the first time ever (on a total return basis), reported Barron’s. All major U.S. indices finished the year with double-digit gains.
It’s time to turn your mind to taxes.
Last week, President Trump signed tax reform, officially titled ‘An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,’ into law.
2017 has been a good year for most investors as stocks have rallied steadily throughout the year. The S&P 500 (total return) closed higher each month of the year, is now up almost 22% through mid December, and we haven't seen a 3% pull-back in that index during the year (LPL Research, YCharts).
Here we come a tax-reforming…
“It's the hap- happiest season of all.”
What will it take to shake investors’ confidence?
There was a lot to be thankful for last week.
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