Gee i wonder what the stock index futures will do tonight.....They rise overnight, and the US day session is flat....volume plummets.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
A market that doesn't go up ... goes down. (and vice versa)
QE unwinding most likely is the reason bull market can't (so far) "get back in gear". EuroZone headaches don't help either.
I suspect it will be this way for a while unless of course .... bull turns to a bear.
QE unwinding most likely is the reason bull market can't (so far) "get back in gear". EuroZone headaches don't help either.
I suspect it will be this way for a while unless of course .... bull turns to a bear.
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Notice as we approach the weekend Trump says something, then over the weekend he takes it back...Sunday futures pop.
So Tariffs not on hold, like Munichin said, but over the weekend it may change.
SHOCKER!
Kudlow, who used to have a brain, defended Trumpy saying "I don't think he gave anything away incidentally."
Trumpy saw the report last night then said this morning looking forward to the employment numbers. Wink, wink. Yeah seeing the report .... after seeing the report.
Which BTW Klueless Kudlow report was no biggie.
Trumpy saw the report last night then said this morning looking forward to the employment numbers. Wink, wink. Yeah seeing the report .... after seeing the report.
Which BTW Klueless Kudlow report was no biggie.
So this whole tax reform thing that was supposed to put a little extra in our pockets isnt really working the way it was planned
Trump's tariffs on US allies will shrink the savings Americans gained from tax cuts
Zandi calculates that the average American family will pay roughly $320 more this year as a result. Combined with higher prices due to tariffs, that would wipe out more than half the average tax cut of $930 that families in the middle 20 percent of American earners would receive in 2018, according to the Tax Policy Center.
And it would make net losers of families earning less than that. The Tax Policy Center estimates that the bottom 20 percent of earners will receive an average tax cut of just $60 this year; the 20 percent of earners above them, just $380.
https://www.cnbc.com/2018/06/01/tru...k-savings-americans-gained-from-tax-cuts.html
Trump's tariffs on US allies will shrink the savings Americans gained from tax cuts
- The U.S. says it will impose tariffs on steel and aluminum imports from allies such as Canada, Mexico and the European Union.
- While the White House acknowledges that these measures will lead to higher prices, the administration argues the effect will be tiny.
- But combined with additional tariffs on Chinese imports and retaliatory steps taken by U.S. allies, economists across the political spectrum agree these levies will have a negative impact.
Zandi calculates that the average American family will pay roughly $320 more this year as a result. Combined with higher prices due to tariffs, that would wipe out more than half the average tax cut of $930 that families in the middle 20 percent of American earners would receive in 2018, according to the Tax Policy Center.
And it would make net losers of families earning less than that. The Tax Policy Center estimates that the bottom 20 percent of earners will receive an average tax cut of just $60 this year; the 20 percent of earners above them, just $380.
https://www.cnbc.com/2018/06/01/tru...k-savings-americans-gained-from-tax-cuts.html