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Stocks took two full months consolidating under 2300 before they had the strength to finally break above. From there they zoomed another 3% in a short spell, but seems to be running out of steam.
Yes, we may be on the verge of another extended consolidation period before breaking above 2400. Or March may roar like a lion for stocks if any of the following catalysts show up:
• Corporate Tax Break: The campaign pledge of a 15% rate is an intoxicatingly powerful idea that would generate abundant earnings, GDP and share price growth. This is the "Holy Grail" for investors.
• Individual Tax Break: Also good for the economy, but the direct correlation to stock price gains not as strong as corporate tax break.
• Infrastructure Spending: Hard to argue with the economic benefit. But gains would be more centralized to those industries tied to the projects (materials and construction firms).
The administration keeps teasing that bullet #1 may be only a week or two away. You gotta stay aggressively long stocks into that announcement. The growthier and Zacks Rankier your portfolio, the better.
(In case you didn't notice, I was an Economics major...not English ;-)
Best,
Steve Reitmeister
Executive Vice President, Zacks Investment Research
Today is your final chance to gain access to Zacks EVP Steve Reitmeister's personal portfolio.
He's poised to ride a wave of reduced business regulation, increased infrastructure spending, and lower taxes. By positioning his portfolio in this way, he expects to outperform the broad bullish market 2X, even 3X over. You'll see his current picks, and also be among the first to catch the next trades just before he makes them for his own family.
Hurry, this opportunity ends at midnight Monday, February 27 – tonight. No further extensions.
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Stocks took two full months consolidating under 2300 before they had the strength to finally break above. From there they zoomed another 3% in a short spell, but seems to be running out of steam. 
