Mark Cudmore: “The Marginal U.S. Stock Trader Will Be Selling Rather Than Buying This Week”

U. S. Equities Face a Tough Week as the Love Has Gone
It’s going to be a long, tough week for U. S. equities.
While there’s no need to overreact to the Trump administration’s very public failure to reform health care, the evidence suggests that the marginal U. S. stock trader will be selling rather than buying this week.
Even if this wasn’t the key economic policy that equity investors were betting on, the failure is negative in two ways: his perceived ability to press through stimulus has been undermined, and he has even less fiscal ammunition now without health-sector cuts.

This post was published at Zero Hedge on Mar 27, 2017.