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TCM Wealth Advisors Market Update for May 2018

Over half of all companies that make up the broad-based S&P 500 Index, which, as the name implies, is made up of 500 companies, have reported through the end of April. So far profits are expected to rise an astounding 25% versus a year ago, according to Thomson Reuters I/B/E/S. Anything above 10%, a double-digit increase, would be viewed as solid.

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TCM Wealth Advisors Market Update for February 2018

Any thoughts that 2018 might start with a pause in the bull market were quickly dispelled in the first week of the year. A “buy the rumor, sell the news” view on tax reform has shaken out to be more aptly described as buy the rumor and buy the news. In my opinion, the credit goes to the dramatic reduction in the corporate tax rate—from 35% to 21%, beginning in 2018.

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