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Many are calling this "The Art of the Healthcare Deal" as a way to describe the unorthodox negotiating tactics employed by the Trump administration. In essence, Trump said if they don't pass the deal Friday, then he is taking it off the table and moving on to other priorities.
So the market is supposed to tank on this news...right?
Nope. Because they changed the narrative. Instead of spending time on the much more divisive healthcare agenda, they are switching gears to tax reform. Not as if that is a piece of cake. However, most people like lower taxes. Even some Dems might get on board as their constituents would generally give it a thumbs up.
You should expect the market to react immediately to every new headline that comes out of Washington. It will be hard for stocks to go much lower than 2300 while the promise of pro-growth tax cuts linger in the air. Unfortunately it will also be hard to make new highs above 2400 until a new plan is voted into law.
A little-known Canadian company just went public and it's already making people rich! And investors are buying shares hand over fist right now because they believe it will make them rich too...
Why? Well, this company just signed huge deals with industry titans that should supercharge its growth for years to come. The stock is already up 98% over the last year. And better yet, it's still a small-cap, which means we think it has a lot of room to run.
A technological revolution is beginning to expand across the globe at blinding speed. Over the next 3 years, more than 27 billion new devices are expected to go live, making it 10X bigger than the entire mobile phone industry.
Fortunately, there is still time for investors to get in before the potentially huge profits start pouring in. Zacks has a brand-new report revealing 6 tickers to take advantage of what could be a $1.7 trillion market by 2020.