NewsWatch: Flynn who? For the stock market, it’s all about tax cuts and the Santa rally
Even as stocks bounce around and volatility spikes on news that a former member of President Donald Trump’s inner circle pleaded guilty to lying to the FBI, analysts played down the toxicity of the political rodeo on equities, betting that optimism over tax cuts on top of a Santa rally will carry the market further and higher.
Source: http://www.marketwatch.com/news/story.asp?guid=%7B408EEF7E-028D-4DFB-A1E4-B745A7D3E214%7D&siteid=rss&rss=1
: Trump breaks silence on Flynn, says he had ‘nothing to hide’
Trump tweeted out that he fired Flynn for lying to the FBI and Vice President Mike Pence, but that the former national security advisor had done nothing wrong “during the transition.”
Source: http://www.marketwatch.com/news/story.asp?guid=%7B4ED07CA0-D78A-11E7-B8BC-0C59F59A1D3D%7D&siteid=rss&rss=1
The Wall Street Journal: Disney re-opens talks to buy some of 21st Century Fox’s assets, say sources
Disney first reached out to 21st Century Fox about a possible deal several weeks ago, but the talks cooled after the two sides couldn’t agree on price.
Source: http://www.marketwatch.com/news/story.asp?guid=%7B687E6826-D792-11E7-B8BC-0C59F59A1D3D%7D&siteid=rss&rss=1
: Trump celebrates tax bill-victory as opponents vent their fury via #TaxScamBill
Dividing lines showed up on social media after the passage of a Republican tax bill that opponents called ‘Tax Scam Bill’ among other slurs.
Source: http://www.marketwatch.com/news/story.asp?guid=%7B6E5A7DC0-D760-11E7-B8BC-0C59F59A1D3D%7D&siteid=rss&rss=1
Capitol Report: Senate strikes amendment from tax bill that would have benefited college with ties to Betsy DeVos
An amendment to the tax bill that would have benefited a conservative liberal arts college in Michigan with ties to education secretary Betsy DeVos was struck down after a push by Democrats.
Source: http://www.marketwatch.com/news/story.asp?guid=%7B5E96B42C-D755-11E7-B8BC-0C59F59A1D3D%7D&siteid=rss&rss=1
Market Snapshot: Flynn who? For the stock market, it’s all about tax cuts and the Santa rally
Even as stocks bounce around and volatility spikes on news that a former member of President Donald Trump’s inner circle pleaded guilty to lying to the FBI, analysts played down the toxicity of the political rodeo on equities, betting that optimism over tax cuts on top of a Santa rally will carry the market further and higher.
Source: http://www.marketwatch.com/news/story.asp?guid=%7BBD3F4986-D75E-11E7-8BB4-26F71ABE4CAE%7D&siteid=rss&rss=1
Market Extra: Here’s why the stock-market rally is unlikely to be derailed by Michael Flynn
There may be reason for caution in the stock market, but it probably won’t be former national security adviser Michael Flynn’s decision to cooperate with the special counsel probe that derails the long-running bull market.
Source: http://www.marketwatch.com/news/story.asp?guid=%7BEA9B4760-D6C1-11E7-B6A9-92C343FFCBC7%7D&siteid=rss&rss=1
The Tell: Complacent investors run risk of reliving ‘parable of the boiling frog’
Investors are ignoring gathering threats, running the risk of getting cooked when the global equity rally runs out of steam, say analysts at Societe Generale.
Source: http://www.marketwatch.com/news/story.asp?guid=%7BF10C1568-D462-11E7-A059-EBE1A39FD005%7D&siteid=rss&rss=1
Market Extra: Automation could impact 375 million jobs by 2030, new study suggests
Vanguard’s chief global economist said it was the most important trend of his lifetime. Nobel prize-winning economist Robert Shiller said it was the single-most worrisome issue about the economy’s prospects going forward.
Source: http://www.marketwatch.com/news/story.asp?guid=%7BF7E0A9E4-D539-11E7-8D62-D390C6ECDC65%7D&siteid=rss&rss=1
The Tell: Goldman says highest valuations since 1900 leave investors in for a world of hurt
Goldman Sachs is warning that historically stretched valuations mean a day of reckoning is near.
Source: http://www.marketwatch.com/news/story.asp?guid=%7BBCAF5A74-D529-11E7-90F5-8C65DADEF131%7D&siteid=rss&rss=1
Source: http://www.marketwatch.com/