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January 18, 2018

For the first 2 weeks of 2018, the only direction the stock market has moved is north.  The S&P 500 has gone up 8 of 9 trading days YTD, setting all-time record closing highs on each of the "up" days. …

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January 8, 2017

What does the $24 trillion S&P 500 do for an encore after setting 62 all-time closing highs in 2017 and gaining +21.8% (total return) for the year?  How about 4 more record closes during last week's short trading week and…

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January 2, 2018

The S&P 500 gained a robust +21.8% (total return) in 2017, the 9th consecutive "up" year for the stock index (tying a record set between 1991-1999) and the 14th of the last 15 years that have resulted in a positive…

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December 18, 2017

Tax Reform 2017 has not crossed the goal line yet, but after Friday’s (12/15/17) release by the Conference Committee of its 503-page document, it likely is in the “red zone.”  Highlights from the final tax bill include: a top individual…

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December 4, 2017

Tax Reform 2017 has now completed 2 of the necessary 6 steps as legislation has passed both the House and the Senate, the latter being an early morning (2am ET) 51-49 vote last Saturday 12/02/17.  Step # 3 is a…

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November 27, 2017

Last week (# 47 of the year) may have been shortened by the Thanksgiving Holiday but it followed the success pattern seen throughout this year.  The S&P 500, created 60 years ago in 1957, produced 2 more all-time closing highs,…

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November 21, 2017

Tax reform legislation was passed by the House 227-205 last Thursday (11/16/17).  As the bill now moves to debate in the full Senate during the week after Thanksgiving, the Congressional Budget Office (CBO) and the Joint Committee on Taxation (JCT)…

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November 13, 2017

Tax Reform 2017 continues to inch its way to a self-imposed Christmas deadline as established by the Republicans, the majority party in both the House and the Senate.  The Senate Finance Committee released its version of tax reform last Thursday…

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November 6, 2017

The House Ways and Means Committee, the beginning point of all tax legislation in Washington, released Tax Reform 1.0 last Thursday 11/02/17.  The financial impact of the 429-page bill, officially called the "Tax Cuts and Jobs Act," will be compiled…

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October 31, 2017

Hurricane Harvey struck US landfall near Houston more than 2 months ago on 8/25/17. An initial estimate of Harvey's destruction was pegged at $190 billion, a dollar figure that would make it the costliest weather disaster in US history. Its…

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