Trump, GOP ‘Phenomenal’ Tax Plan Leaked: Here Are The Details

“Big league?”

Advertisements
Advertisements

‘Chickens Wanted For Epic Showdown’: Rates Vol., Gamma Are Too Cheap!

“…game theory suggests that the North Korean leadership has a strong incentive to bring forward the final phase of the Game of Chicken.”

Presenting: An Indispensable Dollar Checklist

There have been all sorts of labored attempts to explain how this isn’t all Trump’s fault and because nothing is ever entirely attributable to a single factor, those efforts are not totally in vain. That said….

Breaking: September 25 Is The New Date For Abject Failure On Tax Reform

Well, fast forward another five months and we’re supposed to believe that all will be revealed in less than two weeks.

House Passes Harvey Aid Package As Irma Approaches

HOUSE PASSES FIRST HARVEY ASSISTANCE PACKAGE OF $7.85B
HOUSE PASSES BILL TO FUND FIRST TRANCHE OF HURRICANE HARVEY AID

Thank God For Harvey? How A Natural Disaster May Have Averted A Fiscal Disaster

Whatever the case, the assumption here is that this will get done come hell or high water (with the latter having already arrived in Texas and the former well on its way between North Korea and Irma).

Cohn Dispatched To Explain Away Bad Jobs Number, Promises Imminent Tax Reform

WHITE HOUSE’S COHN SAYS JOBS REPORT NOT DISAPPOINTING

WHITE HOUSE’S COHN SAYS WE’RE VERY PLEASED WITH ECONOMY

Mutual Funds Will Do 2 Things: Pile Into Tech, Fade Donald Trump

“InformationTechnology has been the primary driver of above-average fund returns versus their benchmarks in 2017 (Exhibit 5). The average large-cap mutual fund is overweight Info Tech by 144 bp, the largest overweight across all sectors.”

Debt Ceiling: Here’s The Nightmare Scenario

Ok, I don’t know how much figurative “stock” you put in Mitch McConnell’s Monday promise that there is “zero chance” of  Congress not raising the debt ceiling by late September, but it’s at least plausible to suggest that however vacuous, the Senate Majority Leader’s comment helped buoy risk assets (i.e. literal stocks) on Tuesday. Taken together with…

Mr. Woo And The Chickens: ‘It’s Not Too Late To Hedge’

“… it is reasonable to think the repricing has not run its course.”

As Trump’s Dow Euphoria ‘Goes Parabolic’, Here’s A Chart He Won’t Like

Indeed, bragging about record highs on the Dow has become a favorite pastime of a President whose other leisure activities include berating lawmakers, painting the free press as the enemy of the people, and saying “thank you!” to Twitter bots that he didn’t realize were fake accounts.

Einsteinian Insanity, The Chicken Dance, And An Autumn Market Top

But we would caution that you have now run out ahead of your fairy godmother…

‘Game Of Chicken’: Why Do Markets Think They’re So Damn ‘Impervious’?

“If the market is underpricing the uncertainty with respect to the outlook of US monetary policy, we are even more concerned that it seems totally impervious to the risk of two potentially disruptive, if not dangerous, Games of Chicken likely to unfold in the summer and the beginning of the fall.”

Will This Be The Longest Expansion In US History? Spoiler Alert: Pray For Tax Cuts

“Beneath this optimism, however, we are struggling with narrowing profit margins and a flattening yield curve. These factors typically occur at the later stages of a business cycle.”

Chances Trump Cuts Taxes In 2017 Plunge By 50% In 3 Months, Betting Odds Show

He was “tired of winning” anyway…