Did the Stock Market Top for the First Half of 2017 Just Hit?

By: Graham_Summers

The top for the first half of 2017 probably just hit.

Markets do not react to what everyone knows. Markets react to surprises. And the surprise today is that the Trump administration will not be able to implement rapid reform.

Since election night, the stock market has assumed that President Trump would somehow repeal Obamacare, reform the tax code, and announce a massive infrastructure project almost immediately.

The TRUTH is that whatever Trump is able to accomplish regarding these issues will take place in late 2017 if not early 2018. Trumps’ top economic advisor Treasury Secretary Steve Mnuchin confirmed this in a media interview earlier this month.

However, the market was too caught up in the hype to care. The failure to even get a vote on an Obamacare repeal in the House is a wake up call.

Stocks will now begin to adjust to the fact that all reform/ major policy changes will be taking place months down the road. That “adjustment” will see  stocks moving to that red circle shortly.

You can ignore this if you want… but Private Wealth Advisory subscribers are preparing for this move with four targeted trades that will profit beautifully when the market comes unhinged.

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Graham Summers

Phoenix Capital Research

http://www.phoenixcapitalmarketing.com

Graham also writes Private Wealth Advisory, a monthly investment advisory focusing on the most lucrative investment opportunities the financial markets have to offer. Graham understands the big picture from both a macro-economic and capital in/outflow perspective. He translates his understanding into finding trends and undervalued investment opportunities months before the markets catch on: the Private Wealth Advisory portfolio has outperformed the S&P 500 three of the last five years, including a 7% return in 2008 vs. a 37% loss for the S&P 500.

Previously, Graham worked as a Senior Financial Analyst covering global markets for several investment firms in the Mid-Atlantic region. He’s lived and performed research in Europe, Asia, the Middle East, and the United States.

© 2017 Copyright Graham Summers - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

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