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Tax reform not fully priced in, rally still has ‘a lot of room to run:’ Analyst

  • There is still a lot more room to run in the market, even though stocks have already rallied on optimism over tax reform, Raymond James policy analyst Ed Mills told CNBC on Monday.
  • "People are still going through these details, still trying to figure out how much of a tax break is going to come for a lot of these corporations, and that's why I don't think a lot of this is yet fully priced in," he said.
  • Congress is expected to vote as early as Tuesday on the plan, which slashes the corporate rate to 21 percent from 35 percent.

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