An unexpected Trump victory in the presidential election introduced a level of volatility not seen since Brexit. The initial selling of US equities in the futures market was quickly reversed but emerging market assets remained depressed as the market tried to guess what Trump trade policies might be.
Equity markets continued to fall last week. The S&P 500 matched its longest losing streak since 1980 with 9 straight losing days as polls indicated a tightening race for president. The search for safety from political uncertainty resulted in rising Treasury prices (and falling yields) throughout the week. While the price action has been painful over the last couple weeks, the economy continues to look good and we still expect a December rate hike from the Federal Reserve.
Read moreInterest rates continued to rise last week driven largely by an expected increase in inflation. Third quarter GDP data showed faster growth than expected, but a deeper look suggests caution against overestimating the importance of these numbers. Subpar earnings from several large tech companies and renewed uncertainty surrounding the election put pressure on U.S. equities and offset the good economic news. Falling oil prices and a stronger dollar hurt emerging market returns.
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The ultimate reward for great performance on the job is a promotion with a pay increase. But unfortunately, simply excelling in your field doesn’t always translate to a step up the ladder. Sometimes, you’ve got to go the extra mile to be recognized for all your worth.
To increase your chances of getting promoted, you’ll want to follow through on some calculated and well-timed actions. And with 2017 quickly approaching, it’s a great time to begin strategizing. Here are five tips to help you snag that big role you’ve been eyeing.