Monday, March 27, 2017

Market Does Not Believe Trump Can Cut Taxes - Buy On Support


One Option Trading Blog http://ift.tt/2n9bUqN Posted 9:00 AM ET - Last Friday Republicans pulled the healthcare bill knowing that they didn't have enough votes in the House. This casts doubt on Trump's ability to execute his game plan and the market doesn't like the news. The S&P 500 is down 20 points before the open and the 50-day moving average will be tested. Tax reform will go to the front burner and skeptics believe that it has just as many roadblocks. I disagree. The Freedom Caucus blocked the healthcare bill. However, their chairman (Meadows) said that tax cuts do not have to be revenue neutral. This …

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