First news about Trump's plans

According to Wall Street Journal, President Donald Trump pushed his White House team on Wednesday to craft a plan for $1 trillion in infrastructure spending that would pressure states to streamline local permitting, favor renovation of existing roads and highways over new construction and prioritize projects that can quickly begin construction.

Reports from the private meeting with aides and executives that the WSJ was invited to observe, include information that Trump said to give states 90 days to start projects. President Trump said that ’we’re not going to give the money to states unless they can prove that they can be ready, willing and able to start the project’. Trump’s administration ’doesn’t want to give them money if they’re all tied up for seven years with state bureaucracy.’

According to WSJ, Trump asked Scott Pruitt, the new head of the Environmental Protection Agency, to provide a recommendation. President Trump expressed interest in building new high-speed railroads, inquired about the possibility of auctioning the broadcast spectrum to wireless carriers, and asked for more details about the Hyperloop, a project envisioned by Tesla founder Elon Musk that would rapidly transport passengers in pods through low-pressure tubes. Trump said that “America has always been a nation of great promise, because we dream big,” and that “We’re going to really dream big now.”

S&P500 has moved within a bullish trend that remains intact, there is no overbalance, we see a doji candlestick and if it is confirmed with a bullish momentum, another higher low could be formed.

Source: Bloomberg

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