The big three U.S. equity indices (DJIA, S&P 500 NASDAQ) all finished at record highs last week as the GOP tax overhaul and a stopgap funding bill to keep the government funded through mid-January both were signed. The fifth largest t [...]

Last week, eyes were trained on the progress of the $1.5t GOP tax package and a plethora of central bank meetings including the Fed, Bank of England, People’s Bank of China, European Central Bank, and the Swiss National Bank. The House is [...]

Last week eyes were trained on the conference committee charged with reconciling the House and Senate tax bills. Potentially significant investment and economic implications are likely, which is being reflected in market action. Interesti [...]

Equity markets rallied, and interest rates moved slightly higher last week. Tax reform, the Russia probe, Jerome Powell’s Senate confirmation hearing, and a big week for retail were the primary highlights. The stock market highlighted bot [...]

The holiday shortened Thanksgiving week came with a light economic calendar, little meaningful market related news, and another all-time high for the S&P 500. As Strategas pointed out last week, global growth is making politics digest [...]

Tax reform dominated market headlines this week. The S&P 500 has traded down six of the past nine days, a mere 0.75%, and if you read many in the ‘pundit’ community, the bear has been awoken! Not so, we suspect. Corporate earnings, mo [...]

The momentum trade that powered the S&P 500 to eight straight weeks of gains finally took a breather last week. All three large cap U.S. equity indices lost approximately 0.50% while small caps fell over 1%. Much of the softness in th [...]