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Major indexes rose ever so slightly after passage and signing of the favorable tax reform bill
Major indexes rose ever so slightly after passage and signing of the favorable tax reform bill – much of the upward price movement had already occurred in prior weeks, on anticipation. Otherwise, a slow week for stocks, typical for the pre-holiday. With one final...
Nothing is as important to institutional investors as progress on tax reform
Major indexes rose to new weekly highs, an indication that nothing is as important to institutional investors as progress on tax reform, which occurred during the week. Also encouraging was central bank actions and surprisingly robust retail sales. The Fed rate hike...
A very quiet week as prices of many stocks barely budged
A very quiet week, as prices of many stocks barely budged, implying an equal number of buyers and sellers. This suggests the usual end-of-year tug-of-war between cautious investors taking their profits (but incurring capital gains) and other more aggressive investors...