What Trump's troubles mean for the stock market

The Nasdaq rose 700.59 points, or 13 percent. For the year:The S&P 500 rose 142.90 points, or 6.4 percent. For the week:The S&P 500 fell 9.17 points, or 0.4 percent. The Nasdaq fell 37.53 points, or 0.6 percent. The Dow fell 91.77 points, or 0.4 percent.


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Record number of savers become 'Isa millionaires' after Brexit stock market boost

The number of savers with £1m or more in Isa accounts has "exploded" in recent months, with the UK's biggest stockbroker reporting the number on its books has tripled over the past year. Savers who have become Isa millionaires have seen their fortunes boosted primarily by soaring stock markets, with the FTSE 100 reaching record highs following the UK's vote to leave the EU last year. A growing wave of so-called "Isa millionaires" have accrued such vast amounts via the accounts that some are able to use them to enjoy tax free six-figure incomes. Unlike pensions, where savers pay income tax on money paid out, savings withdrawn from Isas can be received tax-free. Over the course of the 2016/17 tax year, the FTSE All Share index - which broadly represents the UK market - returned 22pc including reinvested dividends.




"Those are the Trump sectors, in so much as this presidency gets obliterated these are the sectors that could correct further," says Rosenberg. During that time the S&P 500 stock market index fell 10 per cent. The hardest hit stocks were concentrated in U.S. financials, employment services and tech companies—the Trump sectors. That revelation shifted the market's view that Trump's agenda might not just be delayed, but completely derailed. Over the next 12 months Rosenberg sees the market favouring value over growth, defensive over cyclical stocks and active over passive investment styles.


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