Schwab Market Perspective: Unprecedented! Or Maybe Not?

Schwab Market Perspective: Unprecedented! Or Maybe Not?
by Liz Ann Sonders, Senior Vice President, Chief Investment Strategist; Jeffrey Kleintop Senior
Vice President and Chief Global Investment Strategist, Charles Schwab & Co, Inc.; Brad
Sorensen, CFA, Director of Market and Sector Analysis, Schwab Center for Financial Research
May 26, 2017
Key points
 U.S. markets were roiled by so-called “unprecedented” political issues but bounced back
quickly. Investing based on political winds is not likely to be a successful strategy and
we urge focus on economic and earnings fundamentals.
 The U.S. economy is bouncing back from the weak first quarter while the labor market
continues to tighten. A June rate hike by the Federal Reserve remains on the table for
 Global growth has picked up, but the recent slowdown and inversion of the yield curve
in China are causing some concerns.


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