What is the Stock Market Waiting For?
I think it is pure and simple. It is waiting for the so called Trump Tax Reform, ie tax cuts for the big guys. Then they can cash in and let the rest of the country pay the bills.
The FED is on to plan and is trying to slightly offset the Bernanke market gain effect since 2011.
GDP for the year to date is lackluster and again, the Consumer is key. They are becoming less and less enthused for what is happening to their life.