Record-setting stock rally faces test in Trump speech - News Summed Up

Record-setting stock rally faces test in Trump speech


On Sunday, Treasury Secretary Steven Mnuchin said in an interview with Fox News Channel's "Sunday Morning Futures" program that Trump "will be touching on tax reform" as part of the speech. Trump has said enough so far to help propel major stock indexes to all-time highs. Investors appeared to show comfort wading into the stock market, according to Lipper data released on Thursday, with U.S.-based stock funds attracting $2.7 billion in the latest weekly period, their fourth consecutive week of inflows. Beyond tax reform, investors will be eager to learn more about Trump's plans for repealing the Affordable Care Act, reducing regulations on businesses and increasing infrastructure spending. "This whole rally in the stock market is based on the premise that we have moved to a pro-business administration in Washington, D.C. from an anti-business administration," he said.


Source: The Edge Markets February 26, 2017 22:51 UTC



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