Essex Insights

The Essex Exchange - Second Quarter 2017: Is the Trump Trade Over?

Posted by: Nancy Prial July 31, 2017 In: Market Commentary

Is it the Trump trade or is it economic growth? Even after the initial reaction to the election resulted in a sharp appreciation in cyclical stocks on the hopes for deregulation, tax reform, economic stimulation, the market has remained remarkably resilient as timelines for all of these changes have been extended. As we look at the market opportunities and risks over the next 6-12 months, we believe that the strength in the pro-cyclical areas of the market are more of a reflection of the synchronous global expansion and the continued healing of the US economy than just the positive benefits of a pro-business government.

Click here to read more

Disclaimer:  Essex Insights and all of the corresponding postings contain the current opinions of the author but not necessarily those of Essex Investment Management Company LLC (“Essex”). Such opinions are subject to change without notice. This article has been distributed for educational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor's particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. Essex shall have no liability for decisions based on such information and shall have no obligation to update such information. Actual investments or investment decisions made by Essex, whether for its own account or on behalf of clients, will not necessarily reflect the views expressed. No part of the above may be reproduced in any form, or referred to in any other publication, without express written permission of Essex.