The market was up this week after a nice rally on Monday. The Tax Reform plan was finally passed this week too, with little reaction from the equity markets. The Bond market dropped, signalling higher rates. Oil and Gold was up. We should close out this banner year near the current levels.
Congress Passes $1.5 Trillion Tax Cut Bill, A Legislative Win For Trump
The most popular stock quotes on MarketWatch in 2017
New all time highs: ABT, CAT, COF, DE, DFS, GS, LOW, MPC, VLO, PSX, GS, JPM, WFC
All time lows:
Link to high IVR stocks
High Options volume:
| ETFs | SPY, IWM, QQQ, GLD, GDX, USO, XOP, VXX, XLF, XLE, FXI, EEM EWZ, | |
| Stocks | AAPL, AMD, BAC, BABA, FB, MU, NFLX, NVDA, TSLA |
Next week: Year end 2017!
This week's charts:
10yr Interest Rates -rising
ETFs - Ranked by YTD Percent ChangeS&P 500 Sector performance
Crude Oil was up a bit, closing near 58.35
Gold was up, closing near 1279 -approaching 1300
The 30 year Bond dropped, closing near 151.03
The US Dollar was down, closing near 92.87
NEWS
Market could end the year about where it is now after 2017's very big gains
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