Meanwhile, global market observers were analyzing a meeting of the Group of 20 industrialized and developing nations over the week after world leaders struggled to find common ground on trade policies, reports Riva Gold for the Wall Street Journal.
Many have been worried that the Trump administration’s protectionist stance would impede growth and hurt major U.S. trading partners.
Consequently, markets have slowed as investors wait on more definitive data or action.
“We’re past earnings season, the Fed’s [March meeting is] done, and all eyes are on the economic policies that will be making their way to the table,” Tom Manning, chief executive at F.L. Putnam Investment Management, told the WSJ. “While valuations are expensive here in the United States, if momentum on the economic and policy front is able to move forward, I think this market is going to move higher.”
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