It’s too early to tell how the Trump administration’s policies will affect the markets. That’s according to Michael Townsend of Schwab, who gives investors five themes to watch as the new administration settles in. The new numbers are in from the Conference Board, with the Leading Economic Index offering investors a forecast for the coming months. CNBC summarizes the comments from Ataman Ozyildirim, director of business cycles and growth research at The Conference Board. One aspect of the economy investors should pay attention to is the creeping rise in inflation. Russ Koesterich of BlackRock suggests it may be increasing faster than many expect.
5 Themes To Watch As The Trump Era Begins– Trump and the Republican majority in Congress have big plans for sweeping policy changes in a variety of areas, from health care and immigration to taxes and trade. But investors face considerable uncertainty in trying to determine which policy proposals have a chance of becoming law and when any changes might happen. It’s far too early to speculate about the details of specific policies and how they might affect the markets. Michael Townsend at Schwab thinks investors should keep five broad themes in mind as the Trump administration settles in over the next few weeks. Read more…
Leading Indicators Rise In December– The Leading Economic Index, a measure of future economic conditions, was higher last month, amid improving attitudes about the business cycle, according to a new report. The results suggest that the economy will grow at a moderate pace in the early months of 2017, and perhaps even “accelerate slightly,” Ataman Ozyildirim, director of business cycles and growth research at The Conference Board, spoke recently about the new numbers. Read more…
Inflation Comes Skulking Back– Like the proverbial frog that does not notice the rise in water temperature until it’s too late, investors seem to be experiencing a similarly stealthy rise in inflation. Changes in headline inflation measures suggest a gentle firming in prices. However, underneath the surface there is evidence that inflation may continue to rise past the steady 2% nirvana that central banks prefer. Read more…
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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller
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