There have been two symmetrical reflation melt-up rallies since the election, each four months in duration:
But first, you can't make this shit up...
Now that the final bill has passed the House and Senate, gamblers want to know which stocks and sectors will benefit the most. And, is it priced in yet?
For those answers, we look to IBD:
"On Monday, Goldman Sachs said that Wells Fargo (WFC) stands to gain the most among the biggest U.S. banks from the tax package"
After Wells Fargo, Goldman sees PNC Financial Services (PNC) and Bank of America (BAC) as the biggest winners
BofA Merrill Lynch analyst Kenneth Bruce upgraded credit-card issuers Capital One Financial (COF), Discover Financial Services (DFS) and Synchrony Financial (SYF)
"small-cap stocks, which are generally more U.S.-centric, could see strong earnings revisions"
Or not.
Energy currently has the highest corporate tax rate and would see major relief
Which sector was not mentioned?
