Overcoming Oneself [VIDEO]
Investor Insights, March 16th, 2018
Five Things you Should Know
- Equity Markets – fell this week with U.S. equities (S&P 500) down -1.08% while international stocks (EAFE) fell -0.40%.
- Fixed Income Markets – were mixed, with investment grade bonds (AGG) up 0.31% while high yield bonds (JNK) fell -0.35%.
- New Economic Advisor Appointed – Larry Kudlow, a media analyst who served as Trump’s informal economic adviser during his campaign, has been tipped to take the job of top economic advisor to President Trump, replacing Gary Cohn. "We don't agree on everything, but in this case I think that's good," Trump said earlier this week. "I want to have a divergent opinion. We agree on most. He now has come around to believing in tariffs as a negotiating point."
- Dodd-Frank Likely to be Re-Written – the U.S. Senate voted 67 to 31 to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the financial crisis. The bill spikes the asset level at which a bank becomes "systemically important" from $50B to $250B
- Weekly Market Insights (Summary) – What is everyone so afraid of? Outside of the most myopic perspectives, there is good reason to believe this secular bull market is still pretty young actually (charts below). While pessimism abounds, the most recent data released this week continues to show an economic reality that looks pretty good.
To read the full article/watch the video, click below!