BY: Todd Horwitz, Host & Senior Contributing Analyst
PUBLISHED: November 06, 2017
Russell Reacts to New Tax Plan
Support Bubba’s High School Program Designed to Help Young People Achieve Financial Literacy and Understand MarketsToday on The Bubba Show, Bubba talks about the college football beatdown of Penn State and Ohio State over the weekend. Laughing at the glowing jobs number, Bubba calls it BS. Between the jobs number, tax plan and new FED chair, the markets continue to make new highs.
Jane King from LilaMax Media and author of the KaChing Report joins Bubba for her weekly visit to discuss the new tax plan. Jane shows some excitement but wants to know more, while Bubba asks why the Russell is having an adverse reaction to the plan.
Matt Demeter from DemeterResearch.com stops by for his weekly visit and talks to Bubba about the market highs. Matt has consistently called for new highs in the Nasdaq and is looking for weakness in the Russell and the Dow. Matt says the currencies should rally a little, as he is bullish the dollar.
Bitcoin is on fire, trading over 7000 and Bubba asks if this is a bubble. Matt says it may very well be a bubble, but he believes that it will trade 8000. Bubba and Matt talk about oil and both are very bearish. Matt has called for 56 as the level to sell and it has now reached that level.
About Jane King
With 15 years of covering money news, Jane King has been bringing her audience not just breaking economic news but also “pocketbook” issues. The decisions moms make at the supermarket, high school students weighing various colleges, helping young couples buy their first home.
About Matt Demeter
Matt Demeter is the master market technician behind DemeterResearch.com. From 2005 to 2012, Matt was an active money manager with audited total returns of 201.9% vs. the S&P’s total return of 17.4%. In Nov 2015, Matt began offering his technical analysis to outside funds and individual investors on an affordable subscription basis.