In President Trump’s first 100 days, what can we expect from markets… ?

The dramatic shift in investor sentiment over the last few months begs the question: what can we expect from markets in the coming weeks? Historically, the first 100 days of a new presidential administration are the most formative, though there is some evidence that the level of productivity has decreased in the modern era as the legislative process has become more complex and partisan. In recent years, new presidents have relied more heavily on executive orders rather than the messy legislative process to make their initial mark. While the bulk of President Trump’s agenda requires congressional approval, the near term risks may be the result of executive orders.