Art Hogan said that Tax reforms are going to be as complicated as the repeal and replace (of the Affordable Care Act) and the markets may well think
that the timing of the tax reform is going to be dragged out,
Since President Donald Trump vowed last week to announce a tax reform in the coming weeks, Wall Street has hit record intraday
and closing highs in successive days in a rally led by financials.
The lack of key economic data and a long weekend due to the Presidents Day holiday on Monday is also likely
to keep investors from taking new positions, with trading volumes likely to be thin, on Friday.