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Volatile Week Ahead!

1/28/2019

It looks like it is going to be a volatile week. There’s lots on the table to consider. Today marks the start of the IRS e-filing season and what may turn out to be a very tough month for the IRS. We are seeing many reports suggesting that parts of the agency may still be understaffed. Taxpayers may be seeing longer delays in the processing of their refunds or possible lower or higher refunds amounts stemming from the finalizing of the new tax law changes in 2018.

On other fronts, the U.S. government is officially open for at least 3 weeks. The hope is that lawmakers will hammer out a deal that includes meaningful border security without a wall and if possible, an immigration compromise.

Also, there is a new report out that the Fed’s unwinding of their $4 trillion-dollar bond portfolio is causing increased volatility in the stock market. We expect to see more reports exploring this possibility in the coming weeks.

Finally, several big tech companies will be reporting earnings this week. Apple, Inc. (AAPL), and AMD (AMD) on Tuesday. PayPal (PYPL) on Wednesday and Amazon.com (AMZN) on Thursday.

Good luck and happy trading this week!