February 5, 2018 | Volatility returned to global stock markets last week with the S&P 500 declining -3.85 percent from its Jan. 26th all-time high with international markets following suit.
In this edition, we share our 2018 Outlook with you to help navigate the year ahead, but we’ll resist the temptation to make a market call.
The House of Representatives and Senate passed their separate versions of the tax reform bill in November and December, respectively. Subsequently, the two houses of Congress sorted out their differences and reached a conference agreement on the final version of the Tax Cuts and Jobs Act and passed the conference agreement bill.
In this holiday abbreviated version of Market Monthly we’ll recap some key themes and trends we’ve discussed throughout the year and begin setting the stage for 2018.
Wednesday’s status quo Federal Open Market Committee (FOMC) meeting was overshadowed by Thursday’s anticipated nomination of a new Fed chair. On Thursday afternoon President Trump nominated Jerome (Jay) Powell to lead the Federal Reserve beginning in 2018.
November 2017 | The House and Senate have delivered their respective tax plans with edits occurring in real time. Their paths may differ but their goals of progrowth economic stimulus are aligned.