Markets News Stocks 

There’s a catalyst that could spark a new stock market rally, and it has to do with DC

“He likes small cap stocks, noting the group could emerge as big winners if tax reform is ultimately passed” writes unknown author for cnbc.com. “Right now, we think non-U.S. developed equities look modestly more attractive than U.S. equity markets,” Gordon said, citing better valuations.He believes the odds of a Republican tax reform plan becoming a reality is rising, and the markets may just be starting to realize it. Source: cnbc.com Share This:

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Crypto Futures Markets News 

SegWit2x Futures Markets are Valued at Around $900 Right now

“On CoinCodex, the SegWit2x futures trade for over $900” writes Jp Buntinx for livebitcoinnews.com. Right now, the futures market for this fork is appreciating in value.Manipulation of the futures market will have some interesting consequences.Anything valued at $900 today may be worth half or less by the time the coins come to market. Source: livebitcoinnews.com Share This:

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Markets News Regulators 

Yellen says future economic downturns likely to require further use of unconventional policy

“Yellen anticipates more QE rather than wiggle room in interest rates” reports forexlive.com. If we are indeed living in a low-neutral-rate world, a significantly less severe economic downturn than the Great Recession might be sufficient to drive short-term interest rates back to their effective lower bound.”. Even more dovish/cautious tones from Yellen but markets were closed when she made the speech so we should expect some USD-negative sentiment when Asian markets re-open. Source: forexlive.com Share This:

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Here’s how bond markets could react to the ECB next week

“In contrast, 40 billion euros per month is far more likely to require a further taper,” read the note” writes unknown author for cnbc.com. “For example, 20 billion euros per month would imply that QE could immediately end once the extension is complete.European Central Bank President Mario Draghi will return to the spotlight next Thursday with the focus firmly on how he plans to trim the bank’s asset purchase policy.Its findings, claimed to be broadly consistent with that of Reuters, suggested that the most market neutral scenarios are either an…

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Markets News Regulators 

What a Jerome Powell-Fed may look like

“Beyond monetary policy, Powell takes a far more laissez-faire stance on regulation than, say, Sen” writes D C for marketwatch.com. Wall Street likes Powell for his reputation of being dovish on monetary policy, at least for a Republican.Powell is now the favorite in betting markets amid published reports he’s in the lead to get Trump to nominate him. Source: marketwatch.com Share This:

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Futures Markets News Stocks 

Global stocks get modest boost from US tax hopes

“U.S. shares were poised for a solid opening with Dow futures and the broader S&P futures up 0.2 percent” reports foxbusiness.com. World stock markets pushed higher Friday after the passing of a budget resolution in the U.S. Senate stoked hopes that President Donald Trump’s tax reform package will be enacted.The FTSE 100 index of leading British shares was 0.3 percent higher at 7,542.US TAX PLAN: The Senate on Thursday narrowly approved the budget plan, methodically working through a pack of amendments and rebuffing Democrats’ successive attempts to reshape the blueprint…

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Markets News 

Wall Street’s Robots Still Have a Lot to Learn About Being a Human Trader

“See the graphic: Robots of Wall Street are coming for these trading jobs One not-so-well kept secret of Wall Street is that many companies rely on aging computers” writes unknown author for bloomberg.com. The average age of software in finance is about 38 years, according to technology tracker CB Insights. Source: bloomberg.com Share This:

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Financial appointees in China ‘far more important’ than political ones for economy, says scholar

“Instead, the most important information about the country’s economic future will come from the new names in various Chinese financial agencies, according to Eswar Prasad, who was formerly the International Monetary Fund’s head for China” writes Huileng Tan for cnbc.com. Prasad warned of how those two “inconsistent notions” could result in moral hazards and contribute to market volatility. Source: cnbc.com Share This:

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Cramer: How I lucked out in the crash of 1987

“CNBC’s Jim Cramer had a unique experience during the historic market crash of 1987 that occurred 30 years ago Thursday” writes Elizabeth Gurdus for cnbc.com. The day after the crash, investors, traders and fund managers alike could not determine the lay of the land, Cramer said.But in the week before the crash, one of the worst weeks for the market Cramer had seen in his lifetime, he got a call from Karen Cramer, a trader at a large institutional firm.She told Cramer, who had just started his hedge fund in…

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