Trump Honeymoon Coming to an End?
It’s an interesting time in America we’ve wed ourselves to a president like none before him. The honeymoon (at least in terms of the stock market) has been great but how long will it last?
The hopes and Promise of Trump Economics has put a 10% premium on the overall market since Nov. 8 with all sectors posting positive gains between 20% and 5%. The optimism isn't just amongst the investing public either. In anticipation of Mr. Trump's presidency, economic forecasts have already risen.
In a poll of leading economists just published in the WSJ The average forecast is for GDP growth of 2.4% in 2017 and 2.5% in 2018. That is a 0.2 percentage point increase for 2017 and 0.5 percentage point for 2018.