Market Weekly: July 17-21-2017


So far futures are FLAT even in light of repeal-and-replace vote for ACA failing to take root. And that surprised me, as I thought it might be an excuse to sell at top of rally? Still it will still be equally challenging even with a “repeal & 2 years to replace strategy” (replacing the expanded social & unfunded Medicaid programs — that is not actuarially sound – even with mandates to participate seems to too difficult to make work) … still this is significant to follow in week ahead.