The Focus Will Be On Taxes This Week

Fine enough start to the market yesterday with most of the major indexes in the green.

There was little in the way of new economic news out on Monday. But there was plenty of 'old' economic news from last week and prior to underpin the market.

President Trump has had a successful trip in Asia, both politically and business-wise. In fact, he will be coming home with more than $300 billion in trade deals.

But that will be overshadowed this week as the House is expected to vote on tax reform. A successful vote in the House will shift the focus to the Senate. But a failed vote in the House will cast a dark cloud over tax cuts. So the market, indeed will be watching how this saga unfolds.

As you know, earnings and other economic news drives the market. But other events from time to time can take center stage. And that's where we are this week.

The good news is this is all happening with a historic bull market as our backdrop. So invest accordingly.

See you tomorrow,

Kevin Matras

Executive Vice President, Zacks Investment Research

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