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Stock market set for showdown between bulls and bears

In a landscape devoid of blockbuster earnings and policy catalysts, the stock market is likely to remain vulnerable to political uncertainty, setting the stage for another round of skirmish between the bulls and the bears. This week’s turmoil was less about President Trump than what an embattled president will mean for the pro-business policies that he had pledged to enact. Each day we spend on investigations is one less day we are spending on the policy reform that is built into the expectations for this market.

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