Week of June 12th, 2017: Trump, Scandals and Markets
Remember the Clinton years? One crisis blending into another from alleged stealing to sex on the couch; fun, wasn’t it? Yep, the President of the U.S.A. So here we are and it’s Trump’s turn. Is it the same, are the two men the same, are the issues the same? No. but, the music is, and if not identical, I’m sure you recognize the melody.
So, what does it mean to us, the investors?
Chart courtesy of Windsor Wealth. with data from S&P Indices and ABC news; B. Clinton timeline
Mostly noise, entertainment and cocktail party banter. As long as corporate earnings are expanding, stocks will find a way to follow and get past the distractions. There’s no question that the ride would be smoother if the party was not as loud in D.C. But if you assume for a brief instance that Trump’s time turns out to be just as controversial’s as Bill’s then equity markets most likely keep bumping up and we get these wonderful “sale on aisle nine” moments. What a great time to keep loading up on equities, don’t you think?
Bring on the noise and keep the earnings coming too….
Our portfolios and strategies reflect overweighted positions in US Equities.
Carlos Dominguez, CFP® – Portfolio Manager
Sources: The S&P Indices and S&P Global Co. Bill Clinton’s timeline courtesy of ABC news.
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