“The bar is high,” Jeff Zipper, a portfolio manager and managing director at U.S. Bank’s Private Client Reserve, told the Wall Street Journal.
Geopolitical risks have gripped the markets and dominated sentiment last week, but the effects seem to be waning. President Donald Trump’s national security adviser, H.R. McMaster, said Sunday that the U.S., its allies and China were working on a number of scenarios to North Korea’s latest failed ballistic missile test.
“We got in and out of the long weekend without any major news or controversy on the geopolitical front,” Art Hogan, chief market strategist at Wunderlich Equity Capital Markets, told Reuters. “The anticipation of better earnings from the first quarter may shift the momentum in the favor of this market at least in the near-term.”
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