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.
Have a Triumphant day!