Wall Street Frets About Losing White House Friends – Tom Herrick

in News. Posted March 7, 2018

From Bloomberg.com: On Tuesday morning in Manhattan, Kathy Wylde sent off an email inviting Gary Cohn to get together again. She runs a group of well-connected corporate executives, the Partnership for New York City, that met with Cohn and Donald Trump to talk infrastructure last year.

Hours later, Wylde clicked open an email from a colleague with the news that Cohn, former president of Goldman Sachs Group Inc., is resigning as President Trump’s top economic adviser.


Return of Volatility

The last week saw a return of volatility to global equity markets. While difficult to endure in the short term, volatility has historically been a friend to long-term equity investors. Corrections of ten to twenty percent are common features of equity performance, and in fact, often create opportunities for long term holders. 2017 was remarkable, ...