The last week of March brought some comfort for recently suffering traders. Stocks have spent much of the last few months climbing higher on the surprise win of Donald Trump to the presidency. Much of their climb has been due to the continued promises of lower taxes, deregulation and pro U.S. policies. Equities climbing higher overtook a big breather during the first few weeks of March as concerns rise about Trump’s ability to actually do what he says. The failed attempt at healthcare reform put a big dent in these plans.
However, stocks managed to end the downward streak and regain some lost ground this week. Much of that was due to bullish data points and a smattering of better-than-expected earnings reports. While the season is technically over, there have been a few firms still reporting. Both that and key data metrics managed to help pull stocks higher.
In the end, the last week of March showed that volatility and the vulnerability in Trump’s presidency could be here to stay.
Check out last week’s Market Wrap here
