Cue the pumpkin-spiced everything, because fall is officially here! Along with the coming of fall we've also witnessed a pretty steady stream of new highs for the stock market, with all three indexes recently notching all-time record closes.
Nonetheless, we head into fall with a number of questions still to be answered. Namely, will President Trump and the GOP pass healthcare and/or tax reforms? Wall Street has been counting on corporate tax reform (i.e., lower income-tax rates) to drive growth in the years to come, and anything less than a passage of a cut in corporate tax rates could be viewed as a failure.
There's also the question of what's to come with interest rates. The Federal Reserve chose to stand pat on its federal funds target at its September meeting, but the door is still open for a possible rate increase for the third consecutive December. How future rate hikes could impact stocks and the economy remains a highly debatable topic.
Source: Fool.com