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Trading Notes Sample: 07/03/17
Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.
|Eric DeGroots Insight's Group|
Is the stock market’s seemingly relentless 2017 rally anything like the 1987 run-up that ended 30 years ago Thursday with the most devastating one-day plunge in Wall Street history?
At first glance, investors might think so. And charts arguing the case have made the rounds from time to time. But on closer examination, many of those comparisons don’t hold water.
Here’s a look at a pair of charts from LPL Financial that illustrate the point.
|Canadian $ Review|
Treasury Secretary Steven Mnuchin thinks the stock market’s performance depends on tax reform.
“There is no question that the rally in the stock market has baked into it reasonably high expectations of us getting tax cuts and tax reform done,” Mnuchin told Politico’s Ben White in a podcast interview published Wednesday.