NOVEMBER PREVIEW: THE CALENDAR IS TICKING ON TAX REFORM
John Lynch Chief Investment Strategist, LPL Financial | Ryan Detrick, CMT Senior Market Strategist, LPL Financial
Along with the holiday anticipation November can bring, it is also historically a bullish time for equities. The S&P 500 Index is on pace to log another gain in October, marking 7 consecutive monthly gains on a price basis and 12 in a row on a total return basis (including dividends). But the incredible strength does have some potential warnings, as the S&P 500 has now gone nearly a full year since the last 3% correction, the longest such streak in history. During the month, multiple central banks are meeting, earnings season will be winding down, and tax reform is entering a critical stretch. To help, we’ve created this guide that looks at key events that are set to take place in November 2017.
LATE OCTOBER/EARLY NOVEMBER CENTRAL BANK ACTION PICKS UP
The European Central Bank (ECB) managed to pull off a dovish taper at its meeting in late October, but the three remaining major central banks will meet over the course of...