Catalysts for Market Rally Come into Question

Weekly Update

Catalysts for Market Rally Come into Question


Published March 24, 2017

Loaner

The post-election rally has been built on President Trump’s ability to implement his tax reform and infrastructure building agenda, with heavy emphasis on the tax reform. Recent events have caused the market to get nervous about the ability of the Trump agenda to be carried out. First, tax reform was not pursued as the primary objective with Congress. Instead, healthcare reform, specifically reforming the Affordable Care Act aka Obamacare, became the first order of business. This put the success of passing the healthcare reform as a first test of Trump’s ability to get his agenda through Congress. (more…)