2017 Economic Calendar
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Market Reflections  

April 25, 2017
Economic data are led by sizable strength in the housing sector where new home sales are at expansion highs and with FHFA and Case-Shiller price data showing increasing appreciation.

Word from President Trump that he favors a sharp cut in the corporate tax rate to 15 percent didn't hold back the stock market where the Dow rallied strongly for a second straight 1.1 percent gain to 20,996.

Money continues to ease out of the Treasury market where the 10-year yield rose several basis points to 2.33 percent. The dollar index slipped 0.3 percent to 98.78 reflecting strength in the euro and the pound.

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