May 04, 2017

Quincy Krosby: Tug of War

The market “tug of war” seems at times to reflect an intense political battle ongoing in the U.S. Capitol. The econmic data calendar, an incessant parade of Federal Reserve speakers, and the release of earnings and guidance should help keep the market’s attention on something other than political sausage making. Prudential's Quincy Krosby says market valuations, however, need to see the president pivot successfully toward tax reform and demonstrate that he can deliver the legislation. This would be a win, not only for the markets--and for the country at large.