March – 2017 Newsletter
Apart from technology, equities cooled off a bit in March as reality started to set in: the Trump administration may have a tough time getting their agenda approved within their own party—let alone when dealing with the Democrats. The week of March 27 started with all the markets down and the Dow Jones Industrial Average culminating its eighth straight day of losses—its longest losing streak since 2011.* The slide was primarily prompted by what happened on Capitol Hill the previous Friday when Trump’s team failed to push its Obamacare reform bill through Congress mainly due to opposition from Republicans. The debacle clearly dampened the optimistic mood that had reigned on Wall Street since Trump’s election.
