Global Overview

John WalshGeneral Commentary

The US market in general continues to show signs of improvement, The jobs report adds fuel to the positive story. It appears president Trump is making good on many of his promises. This is being reflected in companies gearing up for expansion.

Stocks – The stock market continues to be impressed with the dealings the administration has had. The largest post election rally in history? from a dollar wealth creation standpoint. I dont want to try to pick tops,Rather let the stock market basque in all its glory and continue to thrive with much good news. the success of individual large corporations due to the lessening of regulation will lead to more hiring. This is america positive.

Bonds  –  the highs are in. the market will need to expect rate hikes. The whens are not answered but they are forthcoming. It appears the general well being of the economy will be the guage. this may be the beginning of a long lasting trend. The market has a long way to go to get back to a norm from a historic perspective.

Energy – The fundamentals do not point to higher crude prices. However political and economic issues globally may keep a bid in place. This market offers much opportunity with much risk exposure

Currencies – The dollar strength has been dominant over the last couple of years. The dollar especially has gained relative to the commodity based currencies. looking forward this trend will continue. It is my belief the dollar will ultimately invert the euro. For a brief time we saw parity.

Look for many New Trends starting this year. also quantify your risk

enjoy the evening