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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

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Monday, September 25, 2017

Three Strikes and You're Out!

It looks like this third attempt by Republicans to repeal and replace Obamacare has failed...and that it will be a dead issue once September has 30th has passed.


It's clear that GOP "never-Trumpers" will not allow the President to succeed in implementing his agenda during his four-year term. Americans who voted for them, expecting them to deliver on their campaign promises to do so, can now realize that the fairy tale, "The Emperor's New Clothes," does, in fact, apply to those Congressional Republicans who promised one thing, but will never deliver on those promises.


So, if stock market participants were expecting healthcare reform, income tax reductions, tax reform, and infrastructure spending, be warned that those are, transparently, in jeopardy.

And, consequently, so is a continued rally in the SPX, as I had discussed in my last post.