It’s been just over a month since the U.S. presidential election, and financial markets continue to be influenced by anticipation for the incoming administration in Washington D.C.
Turning the Page
The Election and Interest Rates
In a typical week, a .25 point interest rate cut by the Federal Reserve would likely be the top economic story in the United States. This was not a typical week.
Times They Are A-Changing
A Nobel Prize for Bob Dylan couldn’t buoy the markets this week. Uncertainty in China and a rocky start to earnings season resulted in a down week for stocks. While equities rallied on Friday, the S&P 500 ended the week down close to 1 percent. Pre-announcements from Honeywell, Dover and Fastenal weren’t a positive way to start the week; however, [...]