By Chris Becker
Maybe the newest three letter code to follow on Wall Street is FBI, as markets roiled on Friday on the possibility of Trump’s inner circle finally being probed by the Special Prosecutor. US stocks had a volatile session amid the smoke and mirrors, but overshadowing all of this is the passing of the GOP tax bill which should push the bigly bull market ever higher. Moving into the apex of the monthly economic calendar, with the NFP print on Friday, this volatility is likely to continue.
As usual for Monday mornings, I’ll take a step back and look at markets with a longer term view as my “Trading Week”.