Really nothing has shaken my confidence in the secular bull market that started in 2013 with the S&P 500’s decisive breakout above 1550. This has been a prominent theme in Kort Sessions since Session One (February 1, 2013). My optimism then and since has derived from the belief that monetary policy, providing a near-zero interest rate environment, in support of…
Tag: Tax Reform
“Mnuchin: Pass tax reform or markets will tank”
Well, Secretary of the Treasury Mnuchin didn’t actually say it this way. The above title was the work of a headline writer at CNBC. And, as usual ,was designed to reel you into their web with the negative and the sensational. What he did say was, “There is no question that the rally in the…
Tax Reform (Tax Cuts): A Pipe dream?
Considering the immense legislative successes that we’ve seen in the first eight months of the Trump administration, it is not hard to fault Wall Street’s new all-time high price reaction to the introduction of the administration’s New Tax Plan (The Unified Tax Reform framework). Wait a minute … let me see … what exactly were those accomplishments? Okay,…
“How a White House walloped by scandal may ‘change the odds’ for Wall Street, and your retirement”
For the uninitiated the above headline from CNBC’s “On the Money” segment last Friday could be an “OMG! What’s happening now?” moment. It is clearly designed to do what it did — grab the viewer’s attention. However, when commentators talk about the misrepresentation and obfuscation emanating from the White House, the folks in the administration have nothing…