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After 107 days of the Trump Presidency, we believe that this administration is determined to be the wildest reality TV show of all time. People say, "War is God's way of teaching us geography." Perhaps Donald Trump is God's way of teaching us about the Federal Government?
Read MoreUS stocks as defined by the S&P 500 made 31 record highs in 2014, most recently on July 24th. Through Friday afternoon, stocks declined 3.3%, which is to say less than the decline of 4.2% we saw in April of this year, and decline of 5.6% in January.
Read MoreUS stocks are 23.8% higher than last year's low October 3, and 92.6% above the March 9, 2009 low. The Dow Jones Industrial averages and S&P 500 are at levels last seen May 2008, before the financial crisis began in earnest.
Read MoreIt was another challenging month for stocks, with three month returns from August 31st through November 20th the worst in 80 years. On November 20th, US stocks closed at a level last seen in April 1997.
Read MoreUS stocks put in a decent return for Q1 2006 even as oil prices settled in at the highs for the quarter, the Federal Reserve continued to raise short term rates, the situation in Iraq improved only modestly, housing prices settled back on falling sales, the 10 year yield moved substantially towards 5%, and President Bush’s approval ratings hit the lows for his presidency.
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