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News and Insights » UMAFS Market Review Week Ending 4/21/2017

UMAFS Market Review Week Ending 4/21/2017
The market ended slightly positive this week as whisperings around President Trump’s healthcare and tax reform proposals provided general encouragement.  Details of the tax reform should be laid out by August of this year.  The market has also been bolstered by better than expected earnings report announcements.  Nearly 82 of the companies in the S&P 500 have reported earnings, with nearly 75% of those beating expectations.

Looking overseas, the European market has been closely following elections in both France and the U.K. On Tuesday, U.K. Prime Minister Theresa May announced a snap General Election for June 8th, three years ahead of schedule.    Analysts will closely watch to see what this could mean for the looming Brexit.

Looking forward to this coming Friday, U.S. Congress will need to pass a new spending authority to avoid a government shutdown.  Due to the fact that is also President Trump’s 100th day in office, it is expected that Republicans will work very hard to avoid a shutdown scenario.

April 25th, 2017 @ 12:00am by UMAFS
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