The Biggest News from Tuesday
The market went nowhere Tuesday. Not surprising when the biggest news of the day was Tony Romo retiring from the Dallas Cowboys.
Reity, what does that have to do with investing?
Nothing...and that's my point.
Nothing happened Tuesday. Which is why the market stays range bound waiting to see if the Trump Administration can shake off the healthcare stumble to garner support for a pro-growth tax plan.
My sense is that they will have decent success with lowering taxes for corporations. Tax breaks for the wealthy "won't play in Peoria" unless the cuts are even more impressive for the middle class. Also I hear growing whispers about a tax break for massive off-shore profits as a way to pay for the new infrastructure spending. That would be a big win for the economy.
For now we have nothing more than whispers...and nothing more than a range bound market. Continue to use dips to add quality stocks at even more attractive prices.
Best,
