President Trump’s Vision for America: “Bring Back ‘Main Street'”

President Trump’s Vision for America: “Bring Back ‘Main Street

President Trump’s Vision for America: “Bring Back ‘Main Street'”

$DIA, $SPY, $QQQ, $VXX

Wednesday in Missouri, US President Donald Trump declared that his push to overhaul the nation’s tax system would “bring back Main Street by reducing the crushing tax burden,” offering a populist appeal to a still-forming tax plan that would heavily benefit corporate America.

President Trump said his vision for re-writing the nation’s tax system, one of his Key campaign pledges, would unlock stronger economic growth and benefit companies and workers alike. He promised that it would be “pro-growth, pro-jobs, pro-worker and pro-American.”

“If we want to renew our prosperity and to restore opportunity then we must reduce the tax burden on our companies and on our workers,” President Trump said in Springfield, MO.

The White House has been designing a tax plan aimed at appealing to all Americans, as President Trump seeks to cast his effort in bipartisan terms, calling upon members of both parties to work with him on the overhaul. “I think Congress is going to make a comeback,” President Trump said.

President Trump said, “We have no choice, we must lower our taxes. And your Senator, Claire McCaskill, she must do this for you. And if she does not do it for you, you have got to vote her out of office.”

Remember, Missouri is the “Show Me” state.

Wednesday the major US stock market indexes finished at: DJIA +27.06 at 21893.73, NAS Comp +66.42 at 6368.29, S&P 500 +11.29 at 2459.04

Volume: Trade on the NYSE came in lite at: 646-M/shares exchanged.

  • NAS Comp +18.3% YTD
  • DJIA +10.8% YTD
  • S&P 500 +9.8% YTD
  • Russell 2000 +2.5% YTD
HeffX-LTN Analysis for DIA: Overall Short Intermediate Long
Bullish (0.32) Bullish (0.26) Bullish (0.44) Bullish (0.25)
HeffX-LTN Analysis for SPY: Overall Short Intermediate Long
Neutral (0.19) Neutral (0.02) Bullish (0.29) Bullish (0.25)
HeffX-LTN Analysis for QQQ: Overall Short Intermediate Long
Bullish (0.38) Bullish (0.40) Bullish (0.40) Bullish (0.33)
HeffX-LTN Analysis for VXX: Overall Short Intermediate Long
Neutral (-0.21) Neutral (-0.03) Neutral (-0.23) Bearish (-0.38)

Stay tuned…

 

 

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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