Wild week with Trump travel ban knocking the wind out of the post-election rally, with politics shaking up the market, and looking at how the world managed after the Brexit shock, I gave it three days to recover (it did in two.) Last night, the US Fed came to the rescue, with its upbeat assessment of the economy, while leaving rates unchanged, plus, there were also pretty good earnings from AAPL and FB to bring cheer again to investors.
I was paying attention to the sectors that have been most sensitive to the happenings lately, with blockbuster earnings the tech sector has proven itself resilient — with AAPL and FB nearing their peak prices, and MSFT also provided some push earlier, banking stocks have also been holding up their valuations, because among the many “tweeted policies” — they seem to be the one among least affected by any immigration / travel ban, healthcare overhaul, climate change policy. Plus you can expect them to make the most benefit out of the interest rate rises that are expected this year.
The market is not running as much in “hope” and there is more specifics to be known by the Trump admin — so there is bound to be swings in sentiment, but one thing is for sure, the US economy is in a much firmer footing, proven by company earnings and as the Fed Minutes confirms :
“Federal Reserve officials left interest rates unchanged while acknowledging rising confidence among consumers and businesses following Donald Trump’s election victory.
“Measures of consumer and business sentiment have improved of late,” the Federal Open Market Committee said in its statement Wednesday following a two-day meeting in Washington. Policy makers reiterated their expectations for moderate economic growth, “some further strengthening” in the labor market and a return to 2 percent inflation.”
Add another income stream (in US Dollars! ) as well as taking advantage of the growing US economy by investing in US stocks. I will conduct a workshop in helping you find your edge, the best stocks to invest in, managing risks and maintaining discipline in my next workshop on March 4 (sorry for the change, mix-up in the venue booking)
Check out the details here: