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May 15, 2017 | Weekly Commentary

On one hand, stock prices are being supported by strong business profits and consumer spending. On the other hand, stock prices are being hindered by Congress’s lack of progress on legislation which the U.S. stock market has speculated on being enacted. It is difficult to forecast future stock prices over short periods of time. However, many experts suspect stock prices may have a tough summer because the earnings reporting season is almost over; and, on the other hand Congress appears to be unable to enact fiscal legislation anytime soon.

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