S&P 500

Second instalment of series

Tax cuts to benefit US small caps

'Geopolitics finally has some risk premia'

Potential for significant losses in parts of the market

Voted against 37 board chairs in 2017 on poor diversity

2017 was a bad year to invest in a new structured product. In an ideal world (where volatility is high and markets have fallen), new structured products can deliver higher potential returns and lower market entry points.

Fears over Trump Amazon tweet and trade war

Dow Jones sees third largest gain in history

Stretched valuations

Likely to benefit domestically-orientated companies