--- title: "BlackRock: Tax Reform and Trump Trades" description: Blackrock's analysis of proposed corporate tax reform, what to expect from The Fed in March and the week ahead for investors. image: http://www.letsassemble.com/hubfs/blog-files/BlackRock_Weekly_Update.png --- [![Assembly Wealth](https://www.letsassemble.com/hs-fs/hubfs/Assembly/logos/Assembly-Wealth-Logo-Orange-500px.png?width=300&height=70&name=Assembly-Wealth-Logo-Orange-500px.png "Assembly Wealth")](https://www.letsassemble.com/) The Money Manager People TM [800-541-7774](tel:+18005417774) [![RESEARCH MONEY MANAGERS](https://no-cache.hubspot.com/cta/default/10700/7ecbcb66-3fbb-41e3-b219-c24fb3c769c5.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/7ecbcb66-3fbb-41e3-b219-c24fb3c769c5) [![Client Center](https://no-cache.hubspot.com/cta/default/10700/8691dcb4-caa3-42c2-a810-77b59f461fd2.png)](https://cta-redirect.hubspot.com/cta/redirect/10700/8691dcb4-caa3-42c2-a810-77b59f461fd2) [Home](https://www.letsassemble.com/) WrapManager's Wealth Management Blog When life changes, we can help you thoughtfully respond. [< Back to read another post](https://www.letsassemble.com/wealth-management-blog) # BlackRock: Tax Reform and Trump Trades Posted by [ WrapManager's Investment Policy Committee](https://www.letsassemble.com/wealth-management-blog/author/wrapmanagers-investment-policy-committee) February 20, 2017 - [Tweet](https://twitter.com/share) [![BlackRock Weekly update](http://www.letsassemble.com/hs-fs/hubfs/blog-files/BlackRock_Weekly_Update.png?width=340&name=BlackRock_Weekly_Update.png "BlackRock Weekly update")](https://www.letsassemble.com/hubfs/MM_Commentary_PDFs/Blackrock-weekly-commentary-Feb-13-2017.pdf) ## * We see potential for volatility in the coming months as more reform details emerge.* Richard Turnill, BlackRock’s Global Chief Investment Strategist, discusses tax reform and the reflation trade. Turnhill was previously Chief Investment Strategist for BlackRock’s fixed income and active equity businesses, and has also led the Global Equity investment team.   Read an excerpt of his weekly commentary below, or [view the entire weekly investment commentary here](https://www.letsassemble.com/hubfs/MM_Commentary_PDFs/Blackrock-weekly-commentary-Feb-13-2017.pdf). **Key Points:** 1. U.S. corporate tax reforms could reinforce a reflationary environment already in place before last November. 2. Some “Trump trades” partly unwound early last week, while political uncertainty sent French and Italian bond spreads wider. 3. Fed Chair Janet Yellen’s testimony before Congress this week could raise market expectations of a March Fed rate increase. [Review the complete commentary here](https://www.letsassemble.com/hubfs/MM_Commentary_PDFs/Blackrock-weekly-commentary-Feb-13-2017.pdf), including a chart of Median effective U.S. corporate tax rates from small caps to mega caps. Or, read [BlackRock's 2017 Investing Outlook](http://www.wrapmanager.com/wealth-management-blog/blackrock-2017-investing-outlook). 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All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.     ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "WrapManager's Investment Policy Committee", "url" : "https://www.letsassemble.com/wealth-management-blog/author/wrapmanagers-investment-policy-committee" }, "datePublished" : "2017-02-20T14:36:00.000Z", "headline" : "BlackRock: Tax Reform and Trump Trades", "image" : [ "//www.letsassemble.com/hubfs/blog-files/BlackRock_Weekly_Update.png" ], "mainEntityOfPage" : { "@id" : "https://www.letsassemble.com/wealth-management-blog/tax-reform-and-trump-trades", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://www.letsassemble.com/hubfs/Assembly/logos/Assembly-Wealth-Logo-Orange-500px.png" }, "name" : "Assembly" } } ```