Some Deeper Thoughts for Policy Under Trump
The equity market rallied and the bond market declined, both sharply, in anticipation of the kind of policy changes now considered possible or likely under a Trump Administration. It remains our judgment that equities remain very attractive and bonds highly unattractive, despite their sharp gains and losses, respectively....Read More >
Spooked About Politics? How Worried Should You Be?
Earnings reports notwithstanding, the S&P 500 has traded in a narrow range since the Brexit rebound, held back by election uncertainty. While it’s tempting to run for the exits in the face of this uncertainty, remember that Presidents matter little for economic prosperity and that real economic fundamentals ultimately win the day....Read More >