Wages could finally pick up steam in 2018, according to Danielle DiMartino Booth, former Federal Reserve adviser and author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America.
Booth was a panelist on TheStreet's monthly Trading Strategies roundtable, which also featured:
Stephen Guilfoyle, co-manager of TheStreet's Stocks Under $10 model portfolio, author of our daily Market Recon column and a former New York Stock Exchange floor trader.
Jeff Marks, senior portfolio analyst, Jim Cramer's Action Alerts PLUS charitable portfolio and club for investors.
Gabriela Santos, global market strategist, J.P. Morgan Asset Management.
A host of major companies including Southwest Airlines (LUV) , American Airlines (AAL) , Comcast (CMCSA) and AT&T (T) announced plans to award employees with a $1,000 bonus amid the recently passed corporate tax cuts.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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