Why US banks are still compelling for large-cap investors

Friendlier regulatory environment expected

US equity markets have continued to move higher this year, and although macroeconomic uncertainty remains high, we continue to feel good about the overall economy.

US fiscal policy, including tax and regulatory reform and infrastructure investment, has the potential to positively impact markets. However, rising interest rates and future trade policy will need to be closely watched. Globally, manufacturing continues to be healthy and consumer sentiment appears to be improving, but we remain mindful of the risks associated with protectionist policies and the economic effects of the UK's exit from the European Union.  Trump prepares to do 'very major haircut' on Dodd Frank As the details of future policy become known, stock selection will be inc...