The lowering of corporate tax rates in the U.S. and the growing global economy hasn’t been enough to keep the equity markets moving up as we head toward the end of March. Uncertainty out of Washington D.C. including news of tariffs has given the markets some volatility. Earlier in the year, there was concern that inflation may be moving up faster than the market had thought so this brought our first bit of volatility that we hadn’t seen in a while.
At this point, I don’t see any reason for major concerns though, given the strong fundamentals around the world. It has been a long time since we had all the major economies moving upward together. Here in the U.S. many of the corporations are anticipating even higher earnings growth given the lowering of income taxes. In addition, many of the companies who have money in their foreign sites will be bringing over (repatriating) funds that should make its way back to our economy and investors (some portion of it anyway).