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BLOOMBERG Bloomberg Markets Americas December 20, 2017

In the wake of the tax bill, mostly passed, the dow and s p 500 are now rising. They had been wavering. The nasdaq falling as we see tech stocks under pressure but financials have been getting a list on perception the tax plan will be especially good for them. We have been watching upward momentum on the s p 500. If you look at the bloomberg, this is the ratio of the s p 500 to its 200 day moving average, trading well above that level. In terms of what percentage, by what percentage it is above the 200 day moving average, you can see by that metric, the s p is not necessarily stretched as folks figure out how much more the rally has to go. We have other related movers today. Fedex, speaking of taxes, this company says their profits will be higher than estimated as we see record holiday shipping. It is also potentially going to get more earnings as a result of tax cuts. Blackberry out with its numbers. Winning new customers from government and private firms. Their revenue coming in ahea ....

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