Is Saudi Arabia's Oil Strategy Working?
Authored by Nick Cunningham via OilPrice.com,
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UBS Reads Tax Bill, Says No Way Does It Pass
The just released Tax Cut And Jobs Act (surprisingly, the "Cut Cut Cut Act" moniker was quietly rejected), has 429 pages, which however was not an obstacle for UBS bankers to read it and, within the hour, not only opine on it, but throw up on its chances of passage.
Goldman's Clients Are Becoming Increasingly Schizophrenic
Last weekend, Goldman's clients were nervous: after 16 months without a 5% pullback in stocks, they were afraid that a steep correction could take place at any moment.
Yield Curve Flattest Since 2007 After Trump Tax Plan
If 'growth' was the goal of the tax-reform plan, the bond market ain't buying it...
The yield curve continues to slump...
Breaking down to new cycle lows - flattest since 2007...
BofA Has Two Questions For Ex-Carlyle Partner And Multi-Millionaire Fed Chair, Jay Powell
On Thursday afternoon, around 3pm, Donald Trump will officially nominate Jerome Powell to be the next Chair of the Federal Reserve, replacing Janet Yellen when her term is up on February 1st. According to virtually every financial analyst, the former Carlyle Partner, Jay Powell, represents "continuity" on the Federal Reserve and would conduct monetary policy in a similar fashion as Yellen. As a result, Powell will proceed with the current balance sheet normalization schedule and continue to guide markets toward the "dots".