April 10, 2017–U.S. stocks flipped between small daily gains and losses before ending the week fractionally lower as markets proved resilient amid rising geopolitical tensions. Bond prices advanced for a fourth week and gold and oil futures rallied after the U.S. launched a cruise missile strike against a Syrian air base.
Weekly Vantage Point
February 27, 2017-Equities staged a late day rally during Friday’s final 30 minutes of trade, more than fully erasing earlier losses in the session. Investors remain hopeful that President Trump’s first address before a joint session of Congress will provide details surrounding his tax and healthcare reform plans.
February 13, 2017-U.S. stocks advanced for a third straight week, with all three major domestic equity indices finishing the week at all-time highs. Investors’ bullish appetites were sparked after President Trump announced that he will be releasing details on a “phenomenal” tax plan in the coming weeks.
February 6, 2017-U.S. stocks finished solidly higher Friday, with a rally in financials pushing most domestic equity indices to a small weekly gain. Investor optimism was renewed after President Trump signed executive orders to delay the April implementation of the DOL fiduciary rule and conduct a review of the 2010 Dodd-Frank regulations.