The market’s postelection euphoria is giving way to a more realistic assessment of the risks under a Trump administration. Here’s how to trade.

Markets have embraced bank stocks ever since Donald Trump’s election victory. The group has materially outperformed the overall U.S. stock market over both the past 2-1/2- and six-month periods, and many assume that this superior price action will continue into the future.

Telecom stocks have rallied twice as hard as the broad market since November. Now, these 5 telco stocks are teetering on the edge of breakout territory in 2017.

The S&P 500 is expected to reveal positive earnings growth for the fourth quarter, supporting further strength in U.S. stocks and related exchange traded funds.

When Kevin Smith realized late last year that China was getting serious about defending its currency, his first move was to dial back bearish bets on the yuan. His second move: double down on wagers against Chinese stocks.

Last year was an unusually eventful one for banks. Between Brexit, plunging energy prices, the presidential election, and the Federal Reserve’s decision to raise interest rates in December, bank stocks were all over the board.

Stocks in Europe and Asia fell Monday while the British pound dropped to three-month lows amid escalating concerns over the U.K.’s access to the European Union’s single market. The Stoxx Europe 600 slumped 0.6% in afternoon trading, led by declines in the banking and auto sectors, while London’s export-heavy FTSE 100 index stalled after 14 consecutive sessions of gains.

Last year began ugly for the stock market, with all three indexes racking up double-digit percentage losses at one point. However, by year’s end, the broad-based S&P 500 had risen by a healthy 9.5%.

European stocks traded weaker at the open Monday in thin volumes owning to the U.S. Martin Luther King Jr. holiday observance. European stocks traded weaker at the open Monday as automaker and bank shares led markets lower in thin volumes owning to the U.S. Martin Luther King Jr. holiday observance.

H&M stock dropped in the first hour of trading in Stockholm Monday after it announced sales growth in December was slower than expected. H&M stock dropped in the first hour of trading in Stockholm Monday after it announced sales growth in December was slower than expected.

European stocks are expected to open higher Monday, with Britain’s FTSE 100 set to extend its record run amid yet another lurch lower for the pound on foreign exchange markets. European stocks are expected to open higher Monday, with Britain’s FTSE 100 set to extend its record run amid yet another lurch lower for the pound on foreign exchange markets.

The pound tumbled and U.S. stock futures fell on a report that U.K. Prime Minister Theresa May will signal plans to quit the European Union’s single market to regain control of Britain’s borders and laws. Japanese shares fell, while the yen and gold rose.

The following commentary is an excerpt from the Weekly Roundup to Trifecta Stocks subscribers originally sent on Jan 13. Click here to learn more about this dynamic portfolio and market information service. As we tread into December-quarter earnings season, we’re seeing more investors start to question the rally over the last several weeks or how much more room there is to run.

The stock subsequently tumbled to the low $30s on concerns that its high-growth days were ending. Let’s take a look at five reasons why that bearish outlook might be true.

One of the issues I’ve been pounding hard on over the past year is that there is no pent-up consumer demand, and there can’t be because all income is now collateralized to meet current debt-servicing requirements. As simple as this observation is I keep repeating it because I keep receiving communications from subscribers that essentially start with “Yeah, but…” and then go on to point out some way that demand may be caused to actualize.

Jim Cramer says he won’t buy foreign stocks right now because “you may make money on the actual stock performance, but you’ll lose it in the currency [conversion].” “Even if you own a stock, say, in Britain and it’s hitting the ballout the park — I mean, [we’ve had] 12 straight days of Britain being up — you’re going to lose on a currency translation,” Cramer said Wednesday in a conference call with members of his Action Alerts PLUS investment club.

Having said that, I am not backing off my call that the financial sector will enjoy a good 2017 despite the “disappointment” yesterday when the three biggies reported their numbers for the fourth quarter. As most investors in the sector saw, the reaction to their respective earnings was rather muted.

A positive reaction to earnings from three big banks had the market off to a good start, but the bulls couldn’t generate much additional energy. Breadth was quite good at around 2-to-1, but the indices stayed in a range all day and there were quite a few fades in individual stocks.