PRE MARKET

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 let the market decide. President Trump has decided to call out the party by demanding a vote today regardless of outcome. He has stated that they have been yapping for years about doing something about Obamacare and now that they have their chance, they are striking out. He has challenged them by intimating if nothing gets done, have fun telling your constituents. As of this second, the thought is there still is not enough votes. We think something will get done because of politics. They can always fix things that are not liked when any bill goes to the senate.

Yesterday, market gave back decent gains. Today, S&P futures up a wee bit. NASDAQ futures better as Micron (MU) guides much higher. Afew names like WDC, ASML, AMD up in sympathy.