Did the Stock Market Top for the First Half of 2017 Just Hit?

The top for the first half of 2017 probably just hit. Markets do not react to what everyone knows. Markets react to surprises. And the surprise today is that the Trump administration will not be able to implement rapid reform. Since election night, the stock market has assumed that President Trump would somehow repeal Obamacare, reform the tax code, and announce a massive infrastructure project almost immediately.
The Market Oracle

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