Five reasons to Like Stocks
Should he succeed, and I think he will get something done, that should provide further fuel for the market.
And there are other factors as well. The IMF just revised its forecast of global growth this year to 3.5%, up from 3.1% in 2016, which will benefit U.S. exporters. The positive effects of stable and low oil prices are still rippling around the world.
Lastly, for the technically inclined, on April 12, the S&P 500 fell below its 50-day moving average after trading for over 100 days above it. This has happened 17 times previously since 1935. 88% of the time (15 out of 17), the S&P 500 was higher over the next 3 months by an average of 4.8%.