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October 06, 2017

Third Quarter Summary

Despite three severe hurricanes and a missile being launched over Japan by North Korea, the stock market hit an all-time high as the quarter came to a close. The market was cheered by the likelihood of the Trump Administration and Congress passing some sort of tax reform. Although the devil is in the details, which must be hashed out in Congress, it appears that both Corporate America and many Americans are in for a tax cut. Both would be bullish for stocks, and the market reacted accordingly.

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