DPR Update – Thursday May 4th, 2017

DPR Update:  Hold the position, nothing to do

Not to sound like a broken record, but once again, nothing to do but hold the winning position.  The market wiggled even more than normal today given the expected close vote on the health care bill.  However, like him or loath him, President Trump scored a massive victory today getting it passed in Congress.  It will get chewed up as per usual in the Senate next, but it’s still a big win.

I do not pretend to understand the finer details of this bill v the Obamacare policies, so this is about as political as I get commenting on the news.

Tomorrow the major catalyst is the Non-Farm Payrolls (NFP) report for the month of April, commonly referred to as the jobs report.  It is released pre-market at 8:30am and may dictate the direction of the day.

Have a great night,

John