4 Best High-Yield Mutual Funds For 2017

President-elect Donald Trump provided little clarity on economic policies during his first news conference last week. Trump offered no details on tax cuts and infrastructure outlays that had powered a record-breaking rally over the last two months.Investors began to question the run-up in stock prices following Trump’s promises of fiscal stimulus measures even as they gear up for another earnings season.

Meanwhile, there have been indications of harsher trade policies from the Trump camp, which might jeopardize the bullish sentiment. Last year has been the most volatile in the recent past, with a historic election not only in the U.S. but also in Britain and Italy. Needless to say, Trump’s market-friendly policies is turning the broader market into one giant bubble, raising possibilities of disenchantment for investors in the near term. Due to such widespread uncertainty, income seeking investors should look for funds that are offering hefty dividends.

Lack of Policy Detail

Trump’s press conference last week, the first since July, disappointed investors due to the lack of policy details. Trump had earlier promised to deregulate certain sectors, lower corporate taxes and inject fiscal stimulus measures, which are expected to drive economic growth. His promises have more or less helped the stock market gain traction over two months.

Earlier, Trump had revealed plans to trim business tax rate to 15% from 35%. The lower tax burden is expected to boost profits for large companies. Trump is also in favor of beefing up public spending on infrastructure by hundreds of billions of dollars. He said that he will support more spending on transportation and telecommunications infrastructure, clean water and electricity transmission in order to accelerate economic growth.

Instead on elaborating on his prior claims, the U.S. President-elect lashed out at U.S. spy and news agencies over what he called a 'phony' Russia dossier. He covered topics on Russian hacking but lack of details on his administrative plans left investors in the dark.

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