Tax cut unhappiness

Weekly Update

Get it together Nasdaq!

Published December 2, 2016


 Stocks have surged after the election with investors enthused about a coming raft of tax cuts and increased government investment. The epicenter of this move has been domestic-focused stocks, particularly those of smaller companies. Companies with a more global footprint have been a mixed bag as concerns about a possibly more protectionist trade approach perhaps offsets the goodness of increased government cash infusions. To that end, our focus Nasdaq 100 index (QQQ) has substantially lagged the upward action. This lagging behavior might well portend coming troubles in the broader market as the post-election enthusiasm wears off. (more…)