AUTHOR: TOWNE SCHERER.COM 1/22/2017: Towne
Scherer Private Wealth Management BLOG:
Anemic Holiday Sales
‘Anemic’ is the word used to describe holiday sales of many of the major retailers as the nation’s traditional department stores steadily lose ground to online rivals, according to a Bloomberg 1/13/2017 article. The shift in the retail landscape shows a dramatic change in shopping patterns and where job growth is taking place.
The Trump Rally
U.S. stocks have pulled back from the initial rally that occurred after the election which is credited to caution before the Trump Inauguration, according to Reuters 1/19/2017. Further, this was the fifth straight day of pull backs since before the Election Day on November 8, 2016. Nevertheless, this presidential transition period marks one of the best market performances in modern times, with a 5.8 % increase since the vote.
Inauguration Day
Administered by Supreme Court Chief Justice John Roberts, Donald Trump took the oath of office to become the 45th President of the United States, reports FOXNEWS 1/20/2017. Immediately following the oath, President Trump gave a succinct 16 minute speech, telling Americans they will “never be ignored again.” Promising to “Make America Strong Again,” he ended his speech with words of a spiritual nature, “God bless you and God Bless America.” Let us hope so.
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual.