Stocks mellowed this past week after jolting to record highs following Donald Trump’s election victory. The initial “Trump bump” may be fading as expectations of juiced corporate earnings—thanks, in part, to deregulation and lower tax rates—become increasingly priced into the market. Election results aside, however, one prominent portfolio manager likes what she sees out of the U.S. economy and, most importantly, American consumers.
Economic data regarding GDP growth and inflation is pointed in the right direction, Stephanie Link, chief investment strategist at Hightower Advisors, told Fortune late last week. While polls suggest economic discontent played a massive role in propelling Trump’s return to the White House, there are signs general sentiment is improving.
