Solid economic data and strong earnings against a backdrop of low inflation, an expansionary Fed and fiscal policy are driving markets.  The wave of strong corporate earnings reports indicates that economies around the world are growing and increasing the demand for riskier assets.  In the meantime, the market is digesting news that President Trump will select Jerome Powell as the next leader of the Federal Reserve. Powell is believed to favor continuing gradual interest rate increases with easing of financial regulations. The 10- year Treasury yield has fallen from last week’s highs to settle at around 2.37%.

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2017-11-10T17:06:42+00:00