With all the talk about tax reform, will the stock market drop on the news of its passage?
I believe that most people are expecting the stock market to rally off of the news of tax reform however, if history is any guide. a passage of a new tax reform agenda may turn out to be a "Sell The News moment."
Also consider this: if tax reform does not pass I would still expect this market to fall.
Therefore the word here with regard to the stock market either way tax reform goes is CAUTION.
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