Market Commentary February 2017
Please find this month’s Market Commentary newsletter which contains our view on the stock market based upon fundamental and technical analysis along with some recommended investments for the current market.
“Buy the election, sell the inauguration.” That was the prevailing sentiment on Wall Street heading into the transition of power in Washington. Instead, stocks rose – although shares have come off from their highs following several of President Trump’s orders, which echoed his campaign speeches in painting a dark picture. Despite this, fundamental and technical market drivers are looking positive. The stock market landed near all-time highs last week, and that implies good breadth. The VIX also continues to hit new lows. Low volatility tends to be accompanied by a gently rising stock market.