Taxes and Rates. U.S. stocks climbed to new record highs this week as investors digested policy directives from several of the world's most influential central banks and grew increasingly optimistic about the GOP's chances of passing its promised tax overhaul.
Well, that makes two of us. Until a couple months ago I knew virtually nothing about Bitcoin. I consider myself well versed in finance and economics, but even after researching this subject I admit that I’m still confused.
Stocks got off to a good start this week, hitting new record highs on Monday and Wednesday, but gave back some gains in the latter half - a move that was somewhat attributed to the release of the Senate's tax reform bill.
First, congratulations to the Houston Astros - World Champions!! The equity markets moved higher once again this week, with all three major indices settling at fresh record highs.
GO ASTROS!!! OK, now that I got that out of the way - stocks began the week on a lower note as investors cashed in on last week's record highs, but reclaimed their losses on Friday, thanks to an impressive batch of technology earnings.
This report features world capital market performance and a timeline of events for the past quarter. It begins with a global overview, then features the returns of stock and bond asset classes in the US and international markets.
I feel like a broken record, but the stock market advanced once again this week, notching a new record high in all five sessions, as investors digested another batch of third quarter earnings.
January 5, 2018 Weekly Market Recap