Stay Up to Date with Robin's Market Updates

From 1 June 2018, live market updates from Robin will only be sent to subscribers via email.

To continue to receive the latest updates, please subscribe.

Friday, June 30, 2017

Market Could Stay Weak Until Washington Can Focus On US Tax Reform

The Senate decision to delay the vote on the reform of Obamacare has dampened traders hope of reviving the Trump rally.

Repealing  Obamacare must be addressed before the senate can move on to address the Tax Reform which is believed to be Trumponomics best hope to raise GDP to 3% and to add the next  leg of  the current market rally. This blog believe that Trump administration will want to settle the healthcare issue before the Congressional August recess which begins on 31 July. The next bull leg will be determine by when the health care bill is addressed. Janet Yellen’s comment this week that asset valuations are “somewhat rich” reminds traders of

Alan Greenspan  1996 warning about “irrational exuberance” added to the current negative sentiments. The US market is showing sign of an imminent correction with selloff in tech stocks, these negative sentiments if extended to the broader market could spark a 15-20% correction on the market.
All posts and charts are for educational and illustration purposes only

1 comment:

  1. MOORE LOANS SAVE ME WHEN THERE WAS NO HOPE {mooreloancompany@yahoo.com}

    Hello everyone in this forum, I am Luis Root from USA, I cannot believe that God really exist not until i was Redeemed and saved from Financial bondage.. l was into financial crisis and needed to pay some bills. l tried seeking help from banks but all to no avail,l also tried seeking help from the internet only to meet scammers who pretended to be private lender and made away with my $15000 and did not get my loan, not until GOD introduce me to Moore Robbinson through a friend who was rescued from financial problem and a loan of $100,000.00 was granted to him by Moore Robbinson, so l took his advise and contacted Moore Loan Company and in the space of one week my loan of $200000 was granted to me.so my advise to everyone seeking for loan at low interest rate of 2% .l am doing this because l am so happy am out of financial bondage and am once again full of joy and life is easy all thanks to GOD and Moore Robbinson. You can contact Moore Loan Company via {mooreloancompany@yahoo.com} OR Text (414) 454-9493

    ReplyDelete