CADENT CAPITAL NEWS AND UPDATES

Taxes, Trade, and Record Highs

Taxes, Trade, and Record Highs

Monday 13th February, 2017

The political world has presented many topics of conversation lately. But one discussion has been relatively quiet: tax reform. Last week, however, the president announced that a “phenomenal” tax plan is forthcoming, and domestic markets responded by reaching record highs. In fact, we saw positive market performance even before the announcement, as the S&P 500 and Dow posted new records two days in a row, while the NASDAQ reached record highs every day except Monday. By Friday, the Dow was up 0.99%, the NASDAQ added 1.19%, and the S&P 500 capped its fourth consecutive week of gains to increase by 0.81%. On the other hand, the MSCI EAFE languished this week, posting a 0.03% loss.


Download 20170213WeeklyUpdate.pdf