Mike’s Morning Brief: A fast-break rundown of what’s going on.
Market opened in the green on this March Fed day. Beware the ides of March. A rate hike is expected and investors will follow closely, every word in the statement and every word in the press conference. The US economy has been accelerating. Interest rates are finally going higher for the right reasons. Oil is catching a bid after a few ugly sessions. Energy’s underperformance has started to infect the broader Market. It’s catching a bid this morning, which is helping. Donald Trump’s tax returns became an issue again, as his 2005 return was leaked and shown on MSNBC last night. It showed that he made money and paid taxes and donated to charity. Some believe he was the one who leaked it. Dutch voters head to the voting booth today. Elections continue to be the theme, and right wing protectionism is gaining momentum. China publicly said they don’t want a trade war with the US. Secretary of State Rex Tillerson will be in China on Friday. The G20 will have plenty to talk about this week at their first session of the year.
Have a great day.