Fed Beat Trump To It: Bullish

Fed Chair Janet Yellen crying in
happiness that she took the burden
 off Trump to get all his dereg done.
Let's keep this short and sweet, The Fed news this morning is very bullish.
After yesterday's close the Fed passed all the banks in their stress tests. JP Morgan and Citi came out with big stock buybacks after the close. There will be more.
Why this matters is that President Donald Trump has had difficulty getting support which worries investors that pro-business legislation may not pass. Part of that pro-business legislation is deregulation with the intention to give banks more room to work with less capital.
Well the Fed just beat Trump to it. How bullish is that? 
The Fed allowed banks to do what they want according to each bank's proposals which included using less capital to drive big buy backs. 
The Fed is comfortable that the economy is on steady footing. That steady economy is doing the job that complex political deregulation negotiations would look to accomplish.
This is a huge connection that many may or may not have made.
If you agree, please share. We think the market's headed to new highs.
Disclaimer:  Portions of this report may have been issued in advance to subscribers or clients. All investments have many risks and can lose principal in the short and long term. This article is for information purposes only. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC and their related parties harmless. Any trading strategy can lose money and any investor should understand the risks. #in, $spy, ^GSPC, INDEXSP:.INX, CME Globex: ES

Sign Up To Get Select Tech and Market Calls From Us, Free To Your Inbox

Contact Us


Email *

Message *