Can you comment on “Domestic Political Uncertainty,” the third factor in your Uncertainty Index?
Bob Wiedemer: The third factor in my Uncertainty Index is domestic political uncertainty, and of course, that’s always been an important part of what affects investment attitudes, the stock market, obviously, it’s important in investments. I think now, with President Trump’s election, even more so, because President Trump is nothing like we’ve seen before and he’s certainly promised to do more than many other Presidents have done in the past, and he’s got the Republican Legislature to do it. So, there’s a certain confidence on his part, but there’s an uncertainty, I think, among the investment community at just… how far can he really go with this? How much can he get done? How long will it take? There’s no question there’s uncertainty there. We’ve seen just in the first three months of this year, that’s not clearing up. If anything, it’s getting more uncertain as to the time table of some of his agenda, to the amounts of the tax cuts, which would be so important in invigorating the economy and the stock market. So, I think, domestic political uncertainty has got to be a very, very, important factor right now. It’s my number three factor in my Uncertainty Index and I think one that will be moving a lot over the next year.
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