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...
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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".
Sudden VIX Collapse 'Rescues' Stocks From Trump Tax Trouncing
Sometimes you just have to laugh...
VIX was samshed to 9 handle to eensure that the market signals its approval of the Trump Tax plan...
Everything recovering from the initial reaction...
Behold "The Great Complacency"
Authored by Thorsten Polleit via Mises Canada,
Homebuilders Hammered As Trump Tax Plan Sends Stocks, Dollar, Bond Yields Lower
It seems the market wanted moar...
VIX has snapped higher and stocks lower...
With homebuilders crashing... as the tax plan cuts the mortgage deduction in half.
And banks are suffering...
Gold and Bond prices are higher...
Dollar and Bond yields are tumbling...