NewsFeeder
05-20-2017, 11:11 AM
[$$] Goldilocks Is in the House
For all its reputation for looking ahead, the stock market just wants to live in the present moment a little longer, thank you very much. Interest rates are benign, with 10-year Treasury yields near 2.25%, and the planet finally is enjoying—let’s say it all together now—synchronized economic growth! To the factors determining how long stocks can bask in their current glow, you can now add the batty reality show unfolding at 1600 Pennsylvania Ave. An investigation into the White House’s Russia ties promises long and loud theater, but conjecture about how Mike Pence or Paul Ryan can replace President Donald Trump and still deliver business-friendly policies “like Trump but without the bad stuff” seems premature, as is the speculation on its market impact. Presidents Clinton and Nixon both faced opposition parties with congressional majorities, and while Clinton’s impeachment drama played out against the late 1990s’ sprightly bull market, Watergate brought a peak-to-trough rout of nearly 50%, in part because unemployment and inflation soared even as the Federal Reserve hiked rates.
http://finance.yahoo.com/r/b4e975cc-744d-3505-8630-95ea0619f569/goldilocks-is-in-the-house-1495257747?mod=yahoobarrons&ru=yahoo&yptr=yahoo&.tsrc=rss
For all its reputation for looking ahead, the stock market just wants to live in the present moment a little longer, thank you very much. Interest rates are benign, with 10-year Treasury yields near 2.25%, and the planet finally is enjoying—let’s say it all together now—synchronized economic growth! To the factors determining how long stocks can bask in their current glow, you can now add the batty reality show unfolding at 1600 Pennsylvania Ave. An investigation into the White House’s Russia ties promises long and loud theater, but conjecture about how Mike Pence or Paul Ryan can replace President Donald Trump and still deliver business-friendly policies “like Trump but without the bad stuff” seems premature, as is the speculation on its market impact. Presidents Clinton and Nixon both faced opposition parties with congressional majorities, and while Clinton’s impeachment drama played out against the late 1990s’ sprightly bull market, Watergate brought a peak-to-trough rout of nearly 50%, in part because unemployment and inflation soared even as the Federal Reserve hiked rates.
http://finance.yahoo.com/r/b4e975cc-744d-3505-8630-95ea0619f569/goldilocks-is-in-the-house-1495257747?mod=yahoobarrons&ru=yahoo&yptr=yahoo&.tsrc=rss