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.
Rather than making piecemeal changes to the tax code, the Trump Administration would like to enact comprehensive tax reform, addressing the complexities and inefficiencies of the entire tax system.
Populism and Washington dysfunction are two key risks for markets in 2017, and last week was an important one for both.
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.
April 18, 2017 — Global economic growth may be trending upward, but don’t lose track of these seven heightened geopolitical risks that can generate both risks and opportunities for investors.
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.
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.”
From Brexit to the election of Donald Trump, 2016 was a year of unexpected outcomes.
After what occurred in 2016, many forecasters are probably considering a new profession.