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The stock market rally in 2017 has driven the Dow Jones Industrial Average 6.2% higher in just 11 weeks. The index is on track today (Thursday, March 16) to close above 21,000 for the second time this year.
Markets have roared higher since Donald Trump teased his new tax plan on Feb. 9, which promised to slash corporate taxes by 25%.
But with Congress now racing to replace the Affordable Care Act, Money Morning Capital Wave Strategist Shah Gilani worries that could make investors question whether or not the tax cuts will actually come.
"The administration's move toward trying to repeal and replace Obamacare is the wrong move," Gilani said. "We should be focusing on tax cuts."
Now, the fight over healthcare could create volatility in the markets in the months ahead…