Critical information for the U.S. trading day
Blue chips have been on bullish bender of a winning streak this month, riding investor complacency to 11-straight winning sessions. Apparently, Donald Trump isn’t jangling the nerves of investors quite like he is riling up his detractors. Not yet, anyway.
Read:Why Wall Street isn’t worrying about the market’s tight trading range at this point.
Of course, that could all change this week, according to part one of our call of the day from portfolio manager Cam Hui of the Humble Student of the Markets blog. Hui warns that President Trump’s address to Congress on Tuesday will likely trip the market’s volatility switch and potentially bring the current stretch of wins to an abrupt halt.
“The stock market has rallied substantially in anticipation of Trump’s proposal of tax cuts, tax holiday for offshore cash repatriation and deregulation,” Hui explains. “As Trump’s tax reform proposals become more clear, it is becomingRead More »from How Trump talk Tuesday could end this ‘suckers’ rally’ in stocks