MARKET RECAP

• Stocks went into reverse this week, the SPX sliding by 2.08% and the Nasdaq by 3.15%.
• While Trump’s initial picks to lead this team were considered solid, his last few seem to indicate he is more interested in generating controversy, than getting things done. Matt Gaetz as Attorney General, Tulsi Gabbard as Director of National Intelligence, and Robert Kennedy for Health and Human Services all worry investors.
• Valuations also are high at about 22x forward earnings.

SCOREBOARD