Monday, December 18, 2017

Christmas Gift

Christmas Gift
With the promise of Tax Reform passing Congress today the futures are wildly bullish.  The President, of course, will quickly sign the new bill into law bringing a huge Christmas Gift to the market.  After the morning gap up the Dow will be in striking distance of a 25,000 print.  I would be surprised it the 25K hats, and t-shirts are ready printed and just waiting under the trading desks.  Earnings this week from, FedEx, Micron, RedHat, General Mills, Carmax, ConAgra, Nike, and Cintas could be just enough rocket fuel to propel the market higher.  Anyone caught short will experience significant pain this morning and will likely get squeezed out this morning.  Expect higher volatility and prepare for quick price action.

http://bit.ly/RWO-BZ12182017


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