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Letter from Washington

Letter from Washington

President Trump’s schedule (EST): 11:30 AM:  Signs an anti-human trafficking bill, H.R.2200; 12:00 PM:  Daily intelligence briefing; 1:00 PM:  Attends the Senate Republican policy luncheon, S-207, The Capitol; and 3:00 PM: Meets with congressional leaders in the...
The Trump White House and US stock market risk

The Trump White House and US stock market risk

Trump’s post Charlottesville remarks, the Barcelona terrorist attacks and Cisco’s results unnerved the US stock market bulls last week. Friday was a surreal moment in the history of Wall Street. It was entirely rational for traders on the New York Stock Exchange floor...
The hunt for value in global equities

The hunt for value in global equities

The US stock market has been resilient to the political and policy firestorms created by the Trump White House. Trump’s failure to enact tax reform or a major fiscal stimulus has restrained but not destroyed the ‘animal spirits’ of the Wall Street bulls,...