Global markets were mixed overnight, although the US market powered to fresh record. As we touched on earlier this week, the US market has got off to an amazing start in 2017 and is up +4.8% year to date (and had the best start to a calendar year since 1964).
In the US we have begun the quarterly earnings season, with major US banks such as JP Morgan having already reported quarterly profit figures. During earnings season investor attention usually shifts back towards company profitability and away from other issues such as politics.
Investors are optimistic and the S&P 500 (US market index) is a all time highs, making the current earnings season as important as ever (especially against the backdrop of rising interest rates which will not be supportive for valuations) in terms of supporting stock prices. We will be watching deve...
Stock Markets, Simplified.