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Next Weeks Holds Light Data, Trump Uncertainty and a Stetched SPX
The most impressive performance in the global markets of late is indisputably the rally in US equities. That said, the current source of that lift is one of the most volatile fuels the markets have depended on in years: updates by the US President on expected policy changes. This past week, amid a range of fundamental themes, course corrections on US political policy, US monetary policy and general appetite for risk trends managed to muscle out all other motivations. Yet of those three, only the outlook for the promised US tax reforms and fiscal stimulus plan would carry through to the end of the week. We can see the ... (full story)
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