FYI: Bears continue to get squashed in the infinite feedback loop that is the 2017 stock market. Relative modest moves up and down Monday thru Thursday were followed by a spike up Friday on news (now a bit over anticipatory) about a tax reform deal complete.
A last-minute expansion of the child tax credit persuaded Sen. Marco Rubio, a Florida Republican, to back the measure. Rubio on Thursday threatened to vote against the tax bill unless it included an expansion of the child tax credit.
For the week the S&P 500 gained 0.9% (essentially all of that coming Friday), and the NASDAQ 1.4%.
Regards,
Ted
https://www.stocktrader.com/2017/12/18/weekly-market-recap-dec-17-2017/
