Markets greeted the Trump Administration’s announcement that it will appoint Jerome “Jay” Powell when Janet Yellen’s term as Fed Chair expires early next year with a gaping yawn.
Global stock markets posted strong gains during the third quarter, which is often a seasonally weak period for risk assets. During a steady onslaught of new record highs for this bull market, the emotional temptation to sell and take profits has become ever more pronounced.
Keep calm and carry on. This is the message investors are sending after stock markets posted strong gains for the first six months of the year.
Populism and Washington dysfunction are two key risks for markets in 2017, and last week was an important one for both.
This week, the Federal Reserve voted to increase interest rates by another 25 basis points, marking the second of three forecasted rate hikes in 2017.
May 25, 2017 — On May 17, the market unexpectedly dropped 1.8%. Despite its swift recovery, could this signal the beginning of a “Trump slump?”
May 2, 2017 — The United States’ economy passed a significant milestone in March, but some people are beginning to wonder how much longer it can continue at its current pace.
Given 2016’s sharp turns in both the ﬁnancial markets and the political cycle, we believe the world is on the cusp of some important transitions.
After years of being a player in capital markets, the Federal Reserve may be resuming its role as referee.
The previous year was rife with global political surprises, as politics are now increasingly a place for the “have nots” to wage war on the “haves.”