Buckle up, because this could get VERY nasty very fast. Stocks could easily crater to 2,200 on the S&P 500 in a matter of a few sessions. And if we overshoot, the red circle could be in play.
Simply put, stocks have gotten way ahead of themselves. At the earliest, major reforms will get signed into law at the end of 2017. And the actual economic impact won’t be felt into mid-2018.