MACD

Muni-Bond Market To Trump: "Your Tax Cuts Are Dead"

Given the lack of progress on the ACA replacement/repeal, the harsh criticism of Trump’s proposed budget, and the ongoing turmoil of the Trump Administration, the likelihood of tax cuts is becoming a much more distant reality. As such, the municipal bond market (and the Treasury market) have begun to aggressively discount the probability of significant tax reform any time soon.

Bob Prechter Warns Market Correction "Larger Than The Malaise Of The '30s" Looms

"Because people do not perceive their moods, tops and bottoms in markets sneak right past them. At the top, people will love the market, and events and conditions will provide them with ample bases for rationalizing being heavily invested... the degree of the corrective wave will be larger than that which created the malaise of the 1930s and 1940s."