Donald Trump's Conflicts With Congress Will Weigh on Stocks

If President-elect Donald Trump's agenda gets bogged down because of conflicts with Congress, the lack of clarity will slow down investment decisions, said Doron Barness, head of U.S. equities trading at Oppenheimer. Barness said he expects the rally to continue due to strong economic data; nevertheless, he believes volatility will heighten, especially if and when Trump initiates a political conflict. He said institutional investors are carefully watching the yield on the 10-year Treasury because if it hits 3% it will be dangerous for equities.