You need a stick as well as a carrot. This is a stick. The carrot is domestic tax reduction.
Happy Morning everyone! Stocks punched back up above the 50 day MA. otoh it was is lower volume and today's futures are a bit off. Metals are seen weak too and current prices are continuing on the their new level --many of us can settle for that.
Today's reports ought to be fun:
All the news that's fit for lining the bird cage:8:30 AM Productivity-Rev.
8:30 AM Unit Labor Costs - Rev.
8:30 AM Trade Balance
10:00 AM Factory Orders
Trump Inherits Best Economy In a Generation - Chris Matthews, Fortune
Unskilled Manufacturing Jobs Never Existed - Simon Constable, Forbes
To 'Save' 800 Jobs, Trump Kills Exponentially More - John Tamny, RCM
The 'Carrier' of Cronyism Is Evident In Trump's Deal - Mark Thoma, TFT
Trump's Election: Economics, Culture? - Isabel Sawhill, RealClearMarkets
The Fed Needs a New Leader, and New Policies Too - Steve Forbes, Forbes
Trump/Schumer Romance Spells Econ. Trouble - Ira Stoll, New York Sun
Turning the Red States Into Poor, Sickly Paradises - Steven Pearlstein, WP
Actually, They're Leaving the Blue States in Droves - Stephen Moore, WT
What Trump Didn't Learn From Financial Crisis - Noah Smith, Bloomberg
If all you had was the tax cut, the company would take it and still move to mexico. They work together