As investors await a series of upcoming announcements from President Trump and the GOP regarding taxes, healthcare & infrastructure spending, as well as focus on the results of the French election, conditions for making money in the stock market remain sloppy and at an elevated level of risk. Key support levels continued to be tested and experienced minor price violations this past week.
Each day that passes brings us a step closer to a resolution in the markets sideways action. Expect a “catalyst” and a resulting sharp move in the major indexes in the very near future. Scenarios for a “positive surprise” or for a “grave disappointment” are both in place. We will react accordingly with the assets we manage for our clients.
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The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice.
©2017 Triumphant Portfolio Management, LLC.
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This information is not intended to be a substitute for specific individualized advice. The TPM strategies cannot assure a profit nor protect against loss. Inherent limitations and market conditions may affect the performance of portfolios in any given market environment. Past performance does not guarantee future results. Investors should consider the investment objectives, risks, charges, and expenses associated with any investment strategy.
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