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Stock May 2017 - Rosy Forecasts With a Few Dark Clouds"

Stock May 2017 - Rosy Forecasts With a Few Dark Clouds"

Stock May 2017 - Rosy Forecasts With a Few Dark Clouds"

Excerpt


Rosy Forecasts With a Few Dark Clouds



Since President Trump’s election, investor enthusiasm has helped to propel equity returns into new territory – with gains during his first month in office that have not been seen since LBJ took office. The prospect of major infrastructure spending, coupled with corporate tax reductions and the repeal of regulations imposed during the Obama era have caused a wave of optimism, especially in the industrial and financial sectors. The Fed’s decision to raise interest rates was an additional plus – especially as the increases are to be made in gradual, modest increments to avoid jeopardizing the ongoing economic surge....


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