Potential Washington gridlock over the American Health Care Act (AHCA), intended to replace the Affordable Care Act (aka Obamacare), has negatively impacted the stock market this week. On Tuesday, both the Dow Jones Industrial Average and the S&P 500 fell more than 1 percent for the first time in five months. Yesterday, stocks recovered some losses, but today, the major indexes failed to hold on to early gains and finished slightly in the red. Read more about Stocks, Oil, and Security 03-23-17
The Trump administration today released its first budget proposal for fiscal 2018. It calls for a larger military, a wall on the southern U.S. border and improved programs for veterans while it also seeks deep reductions in funding for foreign aid, medical research, the arts, climate-change research and other programs. Read more about New Budget, Rates and Market Risk Rise 03-16-17
We will publish the March issue of Real World Investing shortly. We will discuss, among other things, the shortage of critical materials and ways for our readers to play them. Read more about Oil Slumps, Stocks Not Acting Well 03-09-17
In his first speech before Congress, effectively a State of the Union address, President Donald Trump assumed a more statesman-like and uplifting tone to address themes of American unity and reiterate pledges to massively cut corporate and individual taxes, reform health care, improve and increase defense spending and to invest $1 trillion in the aging U.S. infrastructure.
His NATO endorsement and praise for members’ recent proportionate contributions also calmed nerves. The overall message yesterday lifted U.S. stocks to new highs yesterday, before giving back some gains today. Read more about Grand Promises 03-02-17
Copper fell considerably today, and commodities seem to be in a bit of a correction process at present. The financial news agencies ascribe copper’s decline today variously to a “firm” U.S. dollar, prospects of quickened increases in U.S. overnight lending rates and new Chinese regulations that could dampen the Middle Kingdom’s demand for the red metal. Read more about Mild Correction a Refresher 02-23-17