One of the catalysts behind the surge in bank and financial stocks since the Trump victory, has been the market's expectation that the new administration will repeal Dodd-Frank, and thus undo years of regulatory hurdles that have prevent banks from engaging in everything from prop trading to levering substantially higher, and have cost them billions in legal fees and settlements.
Submitted by Uncola via TheTollOnline.com,
During this season of Thanksgiving, I would like to express my overwhelming gratitude...
Below we present an insightful, if disturbing, anecdote from Eric Peters, CIO Of One River Asset Management, who shares his view in his traditional "third-person" style about what life may be well be like for traders over the next 4 years under the Trump administration.
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Beep Beep
As China's president Xi was setting the stage for a new regional free-trade deal dubbed the Free Trade Area of Asia-Pacific at the Asia-Pacific Economic Cooperation summit in Lima, Peru now that Obama's TPP has suffered a quiet death, a new geopolitical axis was being formed.
Trump's feud with the entertainment industry is just getting started.
The President-elect took to Twitter Sunday morning to again slam the cast and producer of the Broadway musical "Hamilton," following vice president-elect Mike Pence's attendance at the show Friday night. "The cast and producers of Hamilton, which I hear is highly overrated, should immediately apologize to Mike Pence for their terrible behavior," Trump tweeted at 6:22 a.m.