Stocks Have Rallied Significantly Since The U.s.

Other data released Tuesday included the S&P CoreLogic Case-Shiller home price index, which showed U.S. home prices rose 5.9 percent to a 31-month high in January. “The more we see the hard data gaining momentum in conjunction with the soft data shows the economy may not stall out in the second quarter,” said Quincy Krosby, market strategist at Prudential Financial. Optimism about some of colorado pot business President Donald Trump’s key proposal’s coming to fruition particularly tax reform, deregulation and government spending has diminished since the administration was dealt a blow on Friday, when a bill aimed at replacing Obamacare was pulled. The bill’s defeat left investors jittery about whether Trump’s pro-growth policies would be able to move forward, sending the three major indexes lower by nearly 1 percent early Monday. The indexes, however, rebounded throughout the day and closed well off session lows. “Like it or not (and we get email in both directions every day), US President Donald Trump represents the latest iteration of the Hero’s Journey when it comes to determining asset prices,” said Nicholas Colas, chief market strategist at Convergex, in a note. “We have essentially traded the typical Fed-Hero of the last few decades for the current President’s economic agenda.” “That is why equity markets were so forgiving [Monday] over Friday’s failure to bring the American Health Care Act to a vote in the House simply put, heroes don’t win every battle,” he said. Stocks have rallied significantly since the U.S. election on hopes Trump’s proposed policies would become reality. Since Nov.

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