The proposal to move to biannual earnings reporting may bring unintended consequences, according to investors.
The publisher of the Gartman Letter said a 20 percent rally is "technically possible."
The U.S. is scheduled to slap tariffs on $34 billion of Chinese goods on Friday.
The worst equity selloff since early April ticked a lot of boxes for technical analysts.
A basket of 50 heavily shorted companies has jumped 16 percent since May 1.
Trump’s Syrian bombing threats boosted oil, which in turn helped Russia-centric ETFs due to their heavy oil tilt.
They point to the cornerstone of the nine-year bull market as the reason for confidence: rising corporate earnings.
The rebound in the S&P 500 looks like “wave B” in an A-B-C correction that’s still taking place, says one analyst.
Over major 70 companies have announced wage, hiring, spending plans since the tax overhaul was approved.
Share repurchases may jump amid a tax overhaul that encourages the repatriation of profits held abroad.
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