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Transcripts For KQED Nightly Business Report 20170705

Question. Not everyone believed it could actually happen, but a slow and steady move higher by the stock market has us still near record highs. A lot of figures think the president obaositive moan histo first half of the year is is as good as it is, the of the time,d half of the year continues higher. Recent history seems to validate that story line. According to market data and Research Firm kensho, since 1980, during the first year of a president ial term, the s p 500 is generally positive during the third quarter. And it is actually not had a losing Fourth Quarter during those time frames either. There is one sector in particular that many traders are keeping a very close eye on to set the tone for the rest of the year. The most important sector and it was las a wel is the financials. Financials will be the sector to watch. If you can get them working, particularly if theres a hint of deregulation, i think then the whole market will pull together and we can see new highs. And theres

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