Hey, it also looks like Congress will fund the government past Friday–remember that crisis?

Hey, it also looks like Congress will fund the government past Friday–remember that crisis?

March 22, 2018 | Daily JAM, Uncategorized, You Might Have Missed | 1 comment

You might have missed it in the hoopla over President Donald Trump’s signing an order to apply higher tariffs to $50 billion in Chinese goods and the “associated” 724 point drop in the Dow Jones Industrial Average. But the House of Representatives passed a $1.3 tillion spending bill that keeps the government funded past tomorrow’s deadline and through the end of the fiscal year in September.

Financial markets not willing, yet, to give up on Trump Trade

Financial markets not willing, yet, to give up on Trump Trade

March 28, 2017 | Daily JAM, Morning Briefing | 0 comments

After last week’s defeat of the American Health Care Act, the looming battle over funding the U.S. government past the April 28 deadline is critical. If the package that finally passes doesn’t include anything from the Trump administration’s wish list, then I think a financial market that has climbed on a belief in a big corporate tax cut and some kind of infrastructure plan, will start to lose some of the “animal spirits” that have driven U.S. stocks higher.