Trump Optimism Abounds, but Caution Warranted
Sentiment indicators are soaring, but current conditions aren't improving yet, and many potential Trump-administration proposals may not have the hoped-for impact.
World markets were tame this week, with relatively small changes. U.S. equity markets were comparatively unchanged for a second week in a row, taking a pause from the furious fourth-quarter rally based on the potential of Trump administration initiatives. (His lack of substantive program details at this week's press conference certainly didn't help matters.)
Economic news was mixed, with some bias to the downside as retail sales disappointed on Friday. The first of the earnings reports, mainly from the financial sector, were mixed, with some disappointments and some successes in the fourth quarter, but with prospects for 2017 looking up.
Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.