While the headlines are all focusing on Trump…how is really going the US economy (still from Obama legacy).
The US economy is encountering a very small soft patch (GDP Q4 1.9% versus expected 2.2% and Q3 3.5%)
The companies in general are beating expectations at an healthy rate 65%, but under the long term average of 67%).
The main beat were in materials and financials.
It does not paint a bad picture – but it does not give much room for error either and that is why the market is so attentive to what President Trump is saying.
investorpolitico 