Dow

Trump success in passing of Obamacare reform gives the market hope the tax reform will be passed more quickly and this hope has been holding up the US market. However more Fed rate hike and unwinding of central bank balance sheet posed a risk to the US market. Technically the DOW and nasdaq has hit critical chart point that historically are followed by 20% correction. The risk of holding US equities has heightened significantly in the last 2 weeks.

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