Are President Trump’s policies driving the stock market rally, or is it something else? The chief economic advisor at Allianz says monetary policies from central banks may be leading investors to take risks they’ll regret later. Both political parties are interested in a major tax overhaul, but the chances of it happening seem to be lessening. Ginger Gibson reports for Reuters on what Congress is likely to pass. By now most investors are aware of the dangers of fake news about politics, but it is also making financial decisions more precarious. The AICPA offers a number of ways to protect yourself from false information.

The Trump Trade Is Taking A Back Seat In The Stock Rally–  The stock market has been rising because too much money is chasing too few opportunities according to economist  Mohamed El-Erian. The Trump trade — betting on stocks in hopes that the president’s policies will boost economic growth — is no longer the main factor driving the market, he says. Read more…

Diminishing Potential For Tax Reform–  Senator Ron Wyden thinks Republican leadership is moving away from trying to implement full-scale tax reform this year and instead are turning their attention to simply cutting rates. Read more…

How To Keep Yourself Safe From Fake Financial News–  A recent Harris Poll conducted for the American Institute of CPAs (AICPA) found that 63 percent of Americans say that fake news “has made it more difficult to make critical financial decisions.”  And it is not just suckers or confused seniors who are at risk.  The U.S. Securities and Exchange Commission (SEC) recently issued an investor alert entitled “Beware of Stock Recommendations on Investment Research Websites.” Read more…

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John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller

Disclosure – The articles mentioned in Mid Week with Day & Ennis are for information and educational purposes only. They represent a sample of the numerous articles that the firm reads each week to stay current on financial and economic topics. The articles are linked to websites separate from the Day & Ennis website. The opinions expressed in these articles are the opinions of the author and not Day & Ennis. This is not an offer to buy or sell any security. Day & Ennis is under no obligation to update any of the information in these articles. We cannot attest to the accuracy of the data in the articles.