Thursday, May 18, 2017

U.S. stock market on May 18, 2017: thoughts and outlook

  1. Investors either think "the Trump problem is not a concern" or "Trump is going to cause a big correction". I take a middle ground. A medium 7-9% correction is more likely.
  2. Oil continues to be a drag on the energy sector and stock market.
  3. bombshell revelations are unlikely until the special prosecutor's investigation is over (most likely in 6-9 months).

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Submitted May 18, 2017 at 04:10PM by markethistory http://ift.tt/2qBD9O2

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