Goldman: Tax Reform Basket Selling Off Shows Getting Anything Through Congress Not Given

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Mark Melin
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Updated on

Tax reform basket …. The S&P 500 fell 1% last week, a Goldman Sachs report noted, pointing to a greater concern for Trump administration policies that, with stocks up near 14 points in early afternoon trading, appears to have shrugged off concerns – at least for now. Tax reform basket – Markets are turning the page on health care, focused on the optimistic news du jour With the market down last week – highlighted by financials being weak and interest rate sensitive utilities up 1.5%, the same amount as the S&P 500 was down – the high-flying financials experienced their own…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.