collected by :Jack Luxorcollected by :Jack Luxor
Lately, I've read a number of analyst notes talking about how the current political uncertainty spells trouble for the stock market. Fed members have cited the uncertainty over future fiscal policy as a key reason to err on the side of caution in raising rates. Fed President James Bullard also cited fiscal uncertainty in a speech he gave this week sayingIt is unlikely that fiscal uncertainty will be meaningfully resolved by the March meeting… We don't have to move. We have a lot of fiscal uncertainty. It's a good barometer of the overall credit market and provides us useful insight into how the credit cycle is developing.
as declared in The question is, can fiscal policy continue to carry on the stock market performance in the place of the monetary policy of the Federal Reserve. During the Obama years, monetary policy was the support and justification for the record-setting stock market highs reached during that administration. And, right now, the new stock market highs seem to be based on this hope rather than any convincing evidence. So, there are a lot of unanswered questions about just what the Trump fiscal policy might achieve. Now, the Trump administration is touting fiscal policies to stimulate the economy and the stock market has jumped on this hope to drive the stock market to even higher records.
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![Stock Market News for February 13, 2017]()
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Lately, I've read a number of analyst notes talking about how the current political uncertainty spells trouble for the stock market. Fed members have cited the uncertainty over future fiscal policy as a key reason to err on the side of caution in raising rates. Fed President James Bullard also cited fiscal uncertainty in a speech he gave this week sayingIt is unlikely that fiscal uncertainty will be meaningfully resolved by the March meeting… We don't have to move. We have a lot of fiscal uncertainty. It's a good barometer of the overall credit market and provides us useful insight into how the credit cycle is developing.
as declared in The question is, can fiscal policy continue to carry on the stock market performance in the place of the monetary policy of the Federal Reserve. During the Obama years, monetary policy was the support and justification for the record-setting stock market highs reached during that administration. And, right now, the new stock market highs seem to be based on this hope rather than any convincing evidence. So, there are a lot of unanswered questions about just what the Trump fiscal policy might achieve. Now, the Trump administration is touting fiscal policies to stimulate the economy and the stock market has jumped on this hope to drive the stock market to even higher records.
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Stock Market News for February 13, 2017
Weekly RoundupFor the week, the Dow, S&P 500 and Nasdaq gained 1%, 0.8% and 1.2%, respectively. Benchmarks scaled fresh highs on Friday and registered their third successive weekly gains on President Trump's promise to unveil a new tax plan. President Trump is planning to send Congress an outline for a comprehensive tax plan to overhaul the tax codes for business and individuals in the next two or three weeks. ( Read More )j2 Global Q4 Earnings and Revenues Beat Estimatesj2 Global, Inc.'s ( JCOM) fourth-quarter 2016 adjusted earnings per beat the Zacks Consensus Estimate by 13 cents. ( Read More )Western Union Beats on Q4 Earnings, Hikes DividendThe Western Union Company ( WU) reported fourth-quarter 2017 adjusted earnings per share (EPS) beating the Zacks Consensus Estimate.read more visit us Money
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