Displaying items by tag: Trump

(New York)

The market will inevitably be shocked by some big news this year. Trying to forecast such news always seems like a futile exercise, but Barron’s has gone out on a limb and tried to select what will rock markets in 2018. There a three big calls being made. The first is a US government shutdown on the back of political in-fighting. That might cause a dip, but not a lasting one. The other two could be different. For instance, a looming trade war with China or other major trading partners could cause serious market issues. Additionally, there may be indictments of Trump’s closest family members, including Donald Trump Jr. and Jared Kushner, according to Barron’s.

FINSUM: Indictments of Trump’s family would rock Washington and the national psyche to its core. But it is hard to say that it would have a lasting effect on markets other than to create political uncertainty.

(Washington)

The last couple of years have seen a huge surge in the legal pot industry. More and more major states have made marijuana legal, which in turn has sparked a flurry of business to create a legal pot industry. However, doom and gloom may be about to settle into the young area as Jeff Sessions, Trump’s Attorney General, has now rescinded the Obama era policy that limited legal enforcement of federal marijuana laws in states where it was legal. The news hit the sector hard, with one of the main pot stock indexes down as much as 24% yesterday.

FINSUM: It is going to be hard for the federal government to enforce any national law when there is primarily only local law enforcement, but this could still cause some major disruptions to the young industry.