As I’ve noted here before, one unexpected outcome of the 2016 presidential election was the market reaction. Where most models suggested a plunge in the stock market (and accompanying rally in the bond market), the opposite has so far been true: higher stock prices and lower bond prices.
A big reason for this rally was the incoming president’s promise of massive tax cuts, coupled with additional promises of tax reform from the newly GOP-controlled Congress. But after the failure of healthcare reform legislation earlier this year, the outlook for taxes has become cloudier.
Of course, the topic of tax policy is not just relevant for us as taxpayers, but for financial markets as well. And so, as part of our latest investment outlook webinar, which took place on Thursday, April 13, we asked Dan Clifton, partner and head of policy research at Strategas Research Partners, to weigh in on where this process might be headed. Also joining us was H. Arthur Graper, managing director and senior relationship manager for CIBC Atlantic Trust.
Additionally, we covered the following topics on Thursday’s call:
- A summary of CIBC Atlantic Trust’s view on the economy and market outlook
- 2017 investment themes
- The U.S. economy
- Money policy
- Asset allocation view and portfolio takeaways
You can listen to the replay from Thursday’s call by clicking the button below. For more information about CIBC Atlantic Trust’s market outlook, download our Q2 Financial Markets Monitor, or contact a CIBC Atlantic Trust advisor today.
Watch the Replay
Dave Donabedian is chief investment officer of CIBC Atlantic Trust, serving in that capacity since 2009. His responsibilities include chairing the Asset Allocation Committee, as well as providing oversight of internal investment strategies and the external manager selection platform.