Fed raises rates a quarter point, hikes growth outlook for economy The Federal Reserve had been expected to raise its benchmark interest rate a quarter point to a target range of 1.25 percent to 1.5 percent. Members of the Federal Open Market Committee raised its GDP estimate from 2.1 percent in September to 2.5 percent. The inflation forecast for 2018 also got a modest boost, from 1.6 percent to 1.7 percent. The statement noted that the jobs market "will remain strong," an upgrade from the assessment at the Oct. 31-Nov. 1 meeting that conditions "will strengthen somewhat further."
I think our days of making highs are numbered. I don't think IWM will push through 154.38 resistance, and foreign markets having trouble with new highs too. Don't forget that big red candle in the first half of November! The Europe market was supposed to be the one with more legs than the US (we are exiting QE and bull market is older).
Marco Rubio opposes current GOP tax plan; Mike Lee is undecided https://www.cnbc.com/2017/12/14/mar...rrent-gop-tax-plan-mike-lee-is-undecided.html Market moving lower
JAZZ and EXP dipped a lot today (that I now own)...c'mon BTFD!! I'm worrying about tech stocks tomorrow.
closing in on some nice round #'s for the indices (a former member from the old forums *cough* nowwhat *cough* would have been proud lol) dow 25k s&p 2700 nasdaq 7000 would be interesting if we see all 3 hit those milestones at around the same time the SCR (santa claus rally) is just around the corner ... that would probably largely hinge on if we see tax reform signed in before xmas ... guess we'll know by sometime next week
Marco Rubio will support GOP tax bill after child tax credit tweaks, sources say Marco Rubio will support the Republican tax plan after a change to the child tax credit. GOP leaders are expanding the child tax credit, Rep. Kristi Noem says. Rubio threatened to oppose the bill unless the GOP expanded the credit for working families. Mike Lee is undecided and also wanted an expanded credit https://www.cnbc.com/2017/12/15/rep...x-credit-to-appease-marco-rubio-mike-lee.html Seems like Market celebrating now
I think @Timbo called Dow 25K and @Jrich called something like SPX over 2.7K, could be a great call from them
I wouldn’t be surprised to see more upside into the close We might get “sell the news” event on tax eventually but probably not today
market seems to be finding acceptance at these higher levels ... no excess on the market profile which would usually mean that the up move is still not done yet unless we see some kind of a blow off move, we could just continue to grind higher
Market off the highs, I still don’t think we have topped out though. Maybe my comment just jinxed this bull market
Gonna be really interesting to see how this market gonna react once the Congress approves the tax bill, are we going to see “sell the news” or Wall Street will throw a wild celebration, we will see
