Yesterday U.S. consumer confidence went to 16-year high. Today the market (ES Futures) failed to traded higher than yesterday’s high. U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating the economy was regaining momentum after faltering at the
The two scenarios that would have caused a major move were passage of the bill or defeat of the bill. However, pulling the bill could result in a neutral event for the market in my opinion. First, “Trump” can now move towards tax reform which is the most important thing for the stock market, this is
