Mike’s Morning Brief: A fast-break rundown of what’s going on.
Market opened flattish after the 2 best sessions on the year have taken the major indices back to their all-time highs. The NAS punched thru 6K for the first time ever. The DOW cleared 21K again yesterday. The Trump administration will roll out its tax plan today, which is something the Market has wanted. The goal is to simplify the tax code which pretty much everyone but tax professionals desperately want. Details are few, but it sounds like a repatriation of offshore cash will be included. Initial talks were for a 15% corporate rate, which will not happen. But it’s a start to have the conversation. Earnings continue to pour out, as Twitter finally has something good to say about a Quarter. Interest rates keep ticking higher while Crude and Gold have been sluggish this week. The Dollar is stronger in early trading.
Have a great day,