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<\/a><\/p>\nSurprisingly, the market has ignored what would seem like negative news. In the just the first week of the Trump presidency, he has gotten into a war of words with Mexico that might turn into a trade battle\/war, there is talk of a 20% border tax\/tariff, barred citizens from certain Muslim-majority countries from entering the country and dropped out of the Trans-Pacific Partnership, and those are just the headlines. But the market is staying focused on anticipated stronger growth ahead.<\/p>\n
GDP<\/p>\n The first estimate from the Commerce Department on real GDP was +1.9% in Q4. Trump is looking to double the 1.9% rate. The 1.9% estimate is much lower than the GDPNow forecast of 2.90% but in line with the NY Fed’s Nowcast estimate of 2.10%.<\/p>\n For all of 2016, GDP was up 1.6%, that is the lowest number since 2011 and down from 2.6% in 2015. Q4 was highlighted by strong consumer spending, an increase in business investment, home construction and government spending. Net exports subtracted 1.7% from the growth rate.<\/p>\n The labor market remains tight. Jobless claims came in at 259k. The four-week average was $245.5k, the lowest number since November of 1973.<\/p>\n","protected":false},"excerpt":{"rendered":" It was a week for the record books as the Dow shot through the 20,000 barrier on Wednesday and\u00a0closed at\u00a020,094. Boeing jumped by\u00a05.1% on strong earnings and that was enough to push the Dow through. Overall, US equity markets were … Continue reading ![\"\"](\"https:\/\/envisionco.net\/wp-content\/uploads\/2017\/01\/DJ-30-1-29-2017-300x153.png\")
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