ETON Advisors Newsletter - Outlook, April 2017

In our January presentation, we stated our view here at Eton that "…the election of Donald Trump raises both the likely path of economic growth and the range of possible economic and market outcomes around that path."

We also questioned whether financial markets might be "…overestimating the positive impact of the election while simultaneously underestimating the potential for negative events which could swing markets to the downside."

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ETON Advisors Newsletter - Review, April 2017

The "Trump trade" continued to dominate financial markets for most of the First Quarter of 2017. Investors remained convinced that the new President's promises of targeted infrastructure spending, higher economic growth, and lower tax and regulatory burdens justified rising stock prices.

U.S. large cap equities returned 6.1% for the quarter, while small cap stocks were up 2.5%. International equities fared even better, with the MSCI All Country World Index (excluding the U...

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Eton Newsletter, January 2017

U.S. equity markets surged following the election of Donald J. Trump as the forty-fifth President of the United States, with the S&P 500 rising 5% in the last seven weeks of the year. The Russell 2000 index of small cap stocks added more than 13% during the same period. Meanwhile, interest rates rose suddenly and dramatically post-election, leaving bond investors with one their worst four-week losses in decades.

Clearly, financial markets were surprised...

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