October is historically the most volatile month of the year, but in 2017 - the average volatility of US equity markets dropped to an all-time record low...
... And you know something's wrong when, just like in early 2007 when the crash in vol killed the swaptions industry - just before all hell broke loose - Goldman Sachs is pulling back from U.S. options market-making on exchanges.
Authored by Danny Vinik via TheAgenda,
If you’re rich enough, some of your income is taxed at a rate unseen since the ‘80s.
House Republicans claim the tax plan they introduced Thursday keeps the top individual rate unchanged at 39.6 percent - the level at which it’s been capped for much of the past quarter-century. But a little-noticed provision effectively creates a new band in which income is taxed at over 45 percent.
It’s been nearly two months since Chinese cryptocurrency exchanges were abruptly shuttered by local regulators, part of President Xi Jinping’s ongoing crackdown on capital outflows and potentially embarrassing or destabilizing market forces in the weeks ahead of last month’s National Party Congress.
November 8 will mark the one year anniversary of one of the biggest political shocks in US history: the election of Donald Trump. Since that improbable victory, which so many experts had said would lead to a market crash, the S&P 500 has soared by 21% according to Goldman which calculates that the Trump rally so far ranks as the fourth-best 12-month gain following a presidential election since 1936, trailing only Bill Clinton (1996, 32%), John F. Kennedy (1960, 29%), and George H.W. Bush (1988, 23%).
Authored by Brandon Smith via Alt-Market.com,
In November of 2014 I published an article titled 'The Economic End Game Explained'. In it I outlined what I believed would be the process by which globalists would achieve what they call the "new world order" or what they sometimes call the "global economic reset."