Pause or End to the Equity Rally?

America was highly attuned to the U.S. political backdrop last week as Donald J. Trump was sworn in as the nation’s 45th president. Investors are betting that President Trump will deliver on some of his pro-growth policies.  He is focused on several things, taxes being at the top of that list.  Still, financial markets were rattled (only slightly) by his comments that some parts of the tax plan are “too complicated” and the U.S. dollar is “too strong.”  Nevertheless, 8 of the 11 sectors in the S&P 500 Index traded higher last week.

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