level the playing field

President Trump spoke to a special joint session of congress last night.


The key phrase was, “level the playing field”.

The market rally is broad. Tax reform and health insurance reform are tough and real issues for President Trump.

Kevin Caron has said the market gains are front-loaded. Momentum is sure forward on the market. The border adjustment tax (BAT) seems tricky. Can tax reforms come without a BAT?

Yes. But as big? Probably not. Big retailers are not for BAT. Wal-Mart, for instance, is the biggest employer in nineteen states.

The debt ceiling is an issue for individual congressmen. It does not seem to be a big issue for the market.

Published by mikebertelsen

Global market, trade, and financial news. I keep up to date with what I assess is important.

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