US Market Outlook

Posted by Tim Sholl on 20-Dec-2017 01:17:45
It is expected that the US Congress and the Senate will finally pass the Tax Reform bills today. US markets look to start todays session strongly with Dow at 24850 up 50 , the S&P500 at 2693 up 2 , and Nasdaq100 at 6507 down 7.  US Dollar index last 93.12 down 13 and continues to look weak.  EUR/USD at 1.1827 up 46 USD/JPY at 112.770 up 23. Gold at 1262.60 up 1.00. WTI Crude at 57.61 up 45 and still looking strong. Watch out for weakness in Tech stocks in the last hour of trading. I am thinking that once the Tax bills are actually passed then investors will be inclined to take profits as the holidays really set in.

Topics: Market News