13 February 2017

Trump throws markets a bone

Trump was again the major focus of markets last week. Wall Street meandered in the early part of the week but finished strongly, buoyed by Trump’s statement that “something phenomenal.. in terms of tax” will be announced over the next two to three weeks. The US earnings reporting season also remains encouraging, while the 4-week moving average of weekly jobless claims dropped to its lowest level since 1973!  The $US also lifted last week on the tax cut news.

 

 

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