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Macro Morning (Trading Week)
It’s effectively the last week of the trading year, so that means the last Trading Week wrap up for the calendar year. Its been a big year of risk taking – otherwise know as central bank supported buying of risk assets for almost no risk to capital – with the major catalyst at the tail end being a more aggressive interest rate agenda from the Federal Reserve. What does this mean for 2018? The biggest risk to err, risk, is Trump – either his tax bill doesn’t pass and/or the backlash from it ends in legislative defeat in the upcoming mid terms, plus the huge chance of impeachment following the Mueller ... (full story)