Closed above Dow 21,000 ... where to now?
The Trump Effect continues to move the markets higher as the "animal
spirits have arisen" and a new sense of optimism is seen among banks,
business and independent investors.
Consumer Sentiment in the latest January 2017 readings rose again
despite the FED's hike in the interest rate ... albeit, miniscule.
With the country still divided between conservatives and
progressives, President Trump did not waste much time in setting into
motion some of his campaign rhetoric through executive orders.
The bruised Democratic party only carried 57 counties in the
U.S. as opposed to 3084 for the Republicans and has lost over 1,000
seats in Congress and the state legislatures including the governor
houses and now is attempting to holdup approval of President Trump's nominees for Cabinet
and other positions requiring the "Advice & Consent" of the Senate.
We may well see a disconnect between the economy and the politicians
going forward as more of the Trump legislative agenda is thwarted by
Congressional action by members of both parties.
January 29, 2017