Investors saw Trump’s exit from the Paris Climate Accord as favorable to the business sector, which moved both stocks and bonds forward last Friday. Meanwhile, May employment numbers were “meh” as monthly job gains and payroll numbers hit below forecast. At least the unemployment rate fell to a 16-year low of 4.3% and the underemployment (those who work part-time but want full-time) fell to 8.4%. Overall, the economy continues to be steady but I think everyone is waiting to see if Trump can drive meaningful policies to support the U.S. economy.
Geoffrey Davis – Mortgage Loan Consultant
First United Bank & Trust
6401 S. Custer Rd.
McKinney, TX 75070