Stock Market Shrugs off Trump Tax Plan?

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ORIGINAL BROADCAST DATE: September 27, 2017

With markets soft throughout most of the day, stocks began to rally as details of Trump’s tax plan leaked to the press, but ended up giving back gains by the end of the day, save for the RUSSELL, which exploded to the upside early & often, pointing towards a blow-off top.

Looking to tomorrow, the markets will levy their true judgment as to the actual viability of the tax plan. Overall, volatility remains low, despite Janet Yellen’s near admission of incompetence.

Based on the consolidation of the range, oil is appearing to prepare for a sell off. Meanwhile, grains closed strong, weaker throughout the day but closed up.

Watching the flow of money, despite lackluster volume, now is the time to continue observing, but certainly preparing to move towards the short-side.

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