Wednesday , December 18 2024
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Market update from Washington (state)

Summary:
Market rallied today as I expected due to reserve drain from corporate tax payments. But upside is capped for now.

Topics:
Mike Norman considers the following as important:

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Market rallied today as I expected due to reserve drain from corporate tax payments. But upside is capped for now.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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