David Joy Sees Trend Intact In Equity Markets

The video discusses potential fluctuations in equity markets, highlighting a crack in market sentiment, particularly in high yield credit. Despite some outflows, the underlying trend remains positive. The discussion shifts to President Trump's limited influence on the stock market's performance, which has risen since his election. The potential impact of tax reform is analyzed, noting that delays could negatively affect market forecasts for 2018.

What is the underlying trend in equity markets despite recent nervousness?

What could be the impact on the market if corporate tax reform does not happen as expected?