Wall Street has muddled through a bumpy 2018, with the economic optimism that drove major gains during President Trump’s first year in office steadily eroding.To get more market report, you can visit shine news official website.

Stocks have seen rampant volatility this year, in part because of rising trade tensions and growing questions about the outlook for the U.S. economy. While major U.S. stock indexes are still priced well above what they were before Trump took office, they’ve fallen close to 10 percent from their record highs.

The picture was very different last year, when excitement for sweeping U.S. tax cuts and increases in corporate earnings fueled a massive stock surge dubbed the «Trump bump.»

Analysts generally see the white-hot stock market frequently touted by Trump as coming back to earth.

"It is overdue,” said Frank Cappelleri, executive director of institutional sales and trading at Instinet. "We have to put it in the context of where we came from. You didn’t know when it was going to end, but it had to end.”

Trump entered his presidency promising to slash taxes, cut regulations and loosen strict banking and lending rules imposed after the financial crisis. With Republicans controlling Congress, investors grew confident that those promises would become reality — and that businesses would benefit.

Bullish traders saw positive signs almost everywhere in the economy during Trump’s first year. Unemployment sank to 4.1 percent. Consumer confidence and spending rose. Corporate earnings outpaced projections, and the economy began growing at a faster pace.

But 2017’s euphoria has started to fade. With the GOP tax cuts enacted, analysts are now scouring for signs that lower rates are actually fueling more growth.

"People don’t quite know how these things are going to play out,» said Shawn Snyder, head of investment strategy at Citi Personal Wealth Management. "I don’t think this is out of the norm. I think last year was out of the norm.”Dozens of corporations have announced raises and bonuses for employees since passage of the tax law, but the overall impact on paychecks remains to be seen. Growth in the first quarter of 2018 has also lagged behind expectations, indicating little immediate benefit from policies that could take several months to impact the economy.

Analysts say traders had priced in boosts from the tax cuts into their 2017 buying spree, sending share prices higher largely on optimism. Investors pulled back in shortly after the tax cuts passed in late December as they waited to see how the initial bets would pay off. That was the first sign of a broad correction.

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