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Wednesday, November 29, 2017

Take Profits Once the Tax Cut Rally Stalls - Trouble Ahead


One Option Trading Blog http://ift.tt/2AjoTAW Posted 9:30 AM ET - Yesterday the market rallied to a new all-time high. Investors were expecting a "yes" by the Senate Budget Committee and they got it (by 1 vote). The tax bill will go to the floor and a vote is expected Friday. Asset Managers don't want to miss this rally so they are buying stocks now. Even if the Senate does not approve the tax bill this week, it will get done next week. Republican senators who had been opposed to the bill were persuaded by Trump. This could be a turning point for the GOP and they …

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