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Mid-Year Market Gut Check

There is a rising tide of sentiment that the fixed-income, commodity and equity markets are at a major inflection point.

Investors are caught up in a whirlwind of cross-currents in the market. It pits political good versus evil, right versus wrong and fear versus confidence and complacency.

As Edward Luce of the Financial Times (Wall Street Turns a Blind Eye to Trumpian Risks — June 7, 2017) wrote, “Washington and Wall Street cannot both be right. On the one hand, the future of the liberal international order hangs in the balance. Donald Trump is a loose cannon with record low approval at this stage for any presidency. Washington and the world are in a state of fear. On the other, Wall Street sees only blue skies ahead. U.S. stock indices keep breaking record highs.”

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Source: Human Events

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