SOTU reaction

President Trump delivered his State of the Union address last night and, overall, it was an acceptable performance as far as market participants go. By which I mean no (new) cause for alarm, no drastic policy pronouncements. There were the usual exaggerations – claiming the largest tax cut ever when it’s really the fourth largest, claiming faster wage growth when wage growth actually decelerated in 2017 from 2...

source http://thereformedbroker.com/2018/01/31/sotu-reaction/