Silver as an investment

Category Archives: Senate Finance Committee

McConnell Reveals Senate Tax Bill Will Include Repeal Of Obamacare Mandate

In what is emerging as the latest potential stumbling block for the passage of GOP tax reform, on Tuesday afternoon Senate Majority leader announced that the Senate tax bill will include language to repeal ObamaCare’s individual mandate, a move which could make passage prolematic as it could withdraw support from moderate Republicans. According to The […]

Goldman On Tax Reform: “Now Comes The Hard Part”

The ink wasn’t even dry yet on the just published Republican Tax Cut And Jobs Act, and within the hour UBS was already confident that it has virtually no chance of passing: As UBS chief economist Seth Carpenter wrote shortly after the publication, “to our read, the release confirms our view that tax reform is […]

Feud Erupts Between Trump And Corker Just Hours Before Critical Senate Meeting

At 1pm EST President Trump is heading to Capitol Hill to huddle with Senate Republicans in hopes that he can somehow mend fences with certain members of his own party and save his tax plan from meeting the same fate as his Obamacare repeal efforts. That said, he seems to be off to a bad […]

Global Bond Rout Accelerates Even As Dollar Rally Fizzles

In a continuation of trading patterns observed over the previous two days, on Thursday the global bond rout deepened in the aftermath of the release of President Trump’s tax-cut plan, Janet Yellen’s recent hawkish comments and renewed optimism over the health of the U.S. economy. While global stocks were mostly mixed as investors tried to […]

A Frustrated Bank Of America Asks “What Could Go Wrong?”: Here Is Its Answer

For the past 3 months, Bank of America strategist David Woo has been warning that the market is precariously unbalanced, and as a result the smallest shift away from being “priced to perfection”, or spike in volatility, could lead to a waterfall event. As we first reported back in July, Woo first warned that between […]

Trump’s Decision To Terminate Comey Is Now Delaying His Economic Reform Schedule

In JPM’s initial market comment this morning, reacting to the news of Comey firing, the bank said that “as far as the market is concerned, Comey’s dismissal saps Trump’s political capital and weakens relations w/Congress at the time when he is trying to move an ambitious pro-growth agenda through the Senate and House.” What JPM […]

Still Confused About Trump’s 1-Page Tax Plan? Goldman Explains It All

Since at its core, yesterday’s 1-page “tax plan” was a Goldman creation – and was presented to the world by two former Goldman employees –  who better to explain what Trump had in mind than Goldman Sachs itself, which it did overnight in a far lengthier note from its chief Washington analyst Alec Phillips.  Here […]

Repeal, Replace, Repair, Rename? Here Is The Latest On Obamacare, And Why It’s Bad For Stocks

During his campaign, Trump vowed to America’s middle class that he would get rid of (since then the phrase has been amended to “repeal and replace” for various reasons) Obamacare as soon as he got into office. Well, Trump is out of his 30 day honeymoon, and the confusion and chaos over the future of […]

Dow Hits 20,600 After Trump Hints At “Massive Tax Plan”

Trump did it again: one week after he promised to unveil “phenomenal” tax cuts, moments ago in his meeting with retail CEOs, who are meeting with the president to get him to kill the border adjustment tax idea, he pulled another OPEC, using the precise word the algos were looking for, and this time said […]

US Futures, Oil Flat As Greenback Rises Despite Mnuchin’s “Strong Dollar” Warning

US equity futures were flat, European stocks rose and Asia was mixed after the dollar posted a modest rebound overnight despite Mnuchin’s “strong dollar” comments, while oil was flat and gold fell, as investors focused on President Donald Trump’s plans to boost growth. The pound fell after a U.K. court ruled that Parliament must vote […]