Market Look

SOURCE: http://nypost.com/2017/02/28/jamie-dimon-trump-wont-get-tax-reform-done-this-year/

Futures up nicely coming off of President Trump’s address to the nation. This occurs often as the nation comes together (hopefully) for at least a day. All major indices remain above support and moving averages. Until that changes, market gets benefit of the doubt. Blow up du jour: Palo Alto Networks (PANW) down a whopping…

Stocks fell on Tuesday as the world waited for President Trump to deliver his first official speech to Congress. Economic news was mixed. The second reading on Q4 2016 GDP came in at 1.9%, missing estimates for 2.1%. The S&P Corelogic Case-Shiller Home Price Index came in at 0.9%, beating estimates for 0.7%. Elsewhere, Chicago PMI…

Market Update: Stock futures are quiet ahead of Tuesday’s open as the market continues to flirt with record highs. Gary’s Thoughts: Very quiet but lots of  jello moving on the plate. Really watching the biotechs here after yesterday’s move. Tonight, the new president speaks. Economic Calendar: GDP 8:30 AM ET International Trade in Goods 8:30…

Stocks were relatively quiet on Monday as the world waited for President Trump to address Congress. Over the weekend, Warren Buffett said he was still bullish on U.S. stocks and said America’s best days are ahead of us. Elsewhere, David Tepper, billionaire hedge fund manager, said he’s still long stocks and short bonds. In economic news,…

These people (THE TAXERS) just don’t get it…and never will! SOURCE: https://www.foxnews.com/politics/2017/02/27/distributors-say-layoffs-coming-because-philly-soda-tax.html

Travel weekend so short and to the point. The bond market looks like it is in the midst of putting in a good low for now. A bottoming process has been going on for weeks. Of course, the UTILITIES and REITS have been leading the bond move. Both have turned the corner with a few…

Stocks were relatively quiet on Thursday after the new Treasury Secretary, Steve Mnuchin,  said a “very significant” tax reform will be passed by August. Mnuchin said, “We’ve been working closely with the leadership in the House and the Senate and we’re looking at a combined plan.” Stocks have soared since the election, thanks, in part,…

Stocks were relatively quiet on Wednesday as investors digested the recent and very strong rally. The Fed Minutes hinted that more rate hikes may be on the horizon, especially if Trump’s policies do indeed spur economic growth. In economic news, weekly mortgage applications slid by 2% amid tepid refinancing levels. A separate report showed that…