Market Look

Studies have shown savers lost about $1 trillion because of suppressed rates by the Fed.

Snatching defeat from the jaws of victory. Welcome to the Republican party so far. All eyes are on the Republican party. The theory is that if they can pass a healthcare bill, it is bullish. If they don’t, it could be bearish. That’s just the theory that is being talked about. As always, we will…

Markets gave back everything by the close as healthcare vote put off for another day. We are hearing they will try again tomorrow but if they don’t have the votes, it is a mistake. Markets are being moved by all this…unfortunately! Hoping to get past it soon. More in the morning!

Auto stocks already on the defensive!

SOURCE: https://www.bloomberg.com/news/articles/2017-03-22/global-art-sales-fall-11-to-lowest-point-since-financial-crisis

Futures flat! We would like to tell you something good but best guess, we are on wait and see with the healthcare bill. We are not 100% but there is a chance a yes to the vote can get things going again…a no causes issues because it could affect tax legislation. Yes…we are on news-driven…

We don’t think you can take too much out of today’s action. Yes, the NASDAQ-types again led but that’s all we will give it. We suspect, absent a surprise news event, we can get some upside testing but there have been a decent amount of near-term chart breaks, especially in the financials. Financials were much…