General Meeting –Jan. 23

Market Update:

  • Post-Trump’s victory & stock market
  • Interest rate
  • Oil price
  • Tech news

–Stock market:

Market registered healthy gains following Trump’s victory, but lost steam gradually on concerns over Trump’s policies.

  • Initial elation over his blueprint for business-friendly policies began fading.
  • Investors took profits on their post-election gains.

–Interest Rate: Fed  Trump-Yellen punch

  • Janet Yellen expects a few rate hikes this year and that the fed funds target rate could get to 3% by 2019
  • The economy is near maximum employment, and inflation is moving toward our goal
  • It is probably not a good idea to allow the US economy to run hot.


  • OPEC and other oil-producing countries have cut oil supply by 1.5 million barrels a day, more than 80 percent of their collective target, since the deal came into effect on Jan.1
  • MAYBE the rebalancing of the crude oil market can be attained

–Tech News

  • Tesla offers a new version of a vehicle or unleashes a software update
  • Musk’s unanticipated connection to President Trump
  • Musk has joined Trump’s council of business leaders.

–Announcement: Semester Plan of OIG Team Spring 2017

  • General Meetings
  • Early job & internship preparation panel and workshop
  • Stock pitch competition
  • Skype chats with Alum from JP Morgan and BoA
  • Portfolio committee and board election