How will President Trump’s rhetoric toward North Korea affect the markets? Liz Ann Sonders of Schwab shares insights on the situation from investment strategists and geopolitical analysts. Bloomberg’s monthly poll of economists is out, offering a forecast on the size and effect of any upcoming tax cuts. Nearly every global economy is showing growth this year, with American corporations topping earnings estimates. Jack Kaskey looks into the factors that are influencing their performance.
United States Takes On North Korea … Implications for Stocks– Last week, President Trump promised to unleash “fire and fury” on North Korea, which prompted its leader Kim Jong Un to see that bid and raise it to a direct threat against the U.S. territory of Guam. Collectively Schwab’s investment strategists and geopolitical analysts believe the likelihood of military action remains low. They review the market history for other major geopolitical events in the past century. Read more…
Economists Weigh In On Trump’s Odds of Passing Tax Cuts- President Donald Trump stands a good chance of getting Congress to pass tax cuts ahead of the 2018 midterm elections, most economists polled by Bloomberg said. Read more…
Corporate America Is Having Its Best Earnings Season In 13 Years– With nearly every global economy showing growth, corporate profits in the second quarter have beaten estimates at more than three-quarters of the Standard & Poor’s 500 member companies. In every sector, at least half of the companies have surpassed or met expectations, with many also getting a boost from a sinking U.S. dollar. Read more…
John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller
Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.
