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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (19069)	4/21/2017 11:37:54 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Hi Chip, I was just re watching Mnuchin's interview where he was speaking so strongly on how Tax reform would be coming soon. The trick is that tax reform needs to get done.... unfortunately, it does not appear to be a bipartisan affair and the border tax adjustment seems more remote with each passing day and the more that it is considered. Let's hope they do not have another Islamist terrorist attack in France prior to their election on Sunday. AAPL, FB, AMZN, GOOGL, and MSFT are about 12 to 13% of the SPX average alone.... how strongly those 5 move from here will have some impact on the strength of the rally. The decennial pattern of year 7 tends to be strong for the first 60% of the year and then fairly pronounced weakness. There will be some decisions on the budget and spending that have to be made in the next 2 weeks, it will be very interesting what this stew of influences brews up.... the yearly seasonal pattern is still working to provide a tailwind. John