Post Profile






Bank of America has come up with the 'ultimate tax reform trade' that everyone is missing

Bank of America Merrill Lynch's David Woo says he's more optimistic than the consensus view on the GOP's ability to pass tax cuts, and on their market impact. The "ultimate tax reform trade" is a bet on a steeper yield curve, specifically the 2s-10s curve, according to Woo. Tax reform should increase the deficit and strengthen the dollar, both of which would steepen the spread between 2- and 10-year Treasurys, he forecasts.
read more

share

Related Posts


The GOP tax bill is a huge gift to the US auto industry

Business & Finance : Business Insider: Clusterstock

The GOP tax bill should increase consumers' ability to buy new cars. The bill will also support elevated transaction pricing. By extending a sales boom, however, the bill could set the US market up for a bigger fall when a downturn ...

Money managers agree one trade is really crowded, but they're loading up on it anyway

Business & Finance : Business Insider: Clusterstock

Investors continue to hold seemingly conflicting views on the US dollar. Bank of America Merrill Lynch's latest survey of fund managers published on Tuesday showed that bets the US dollar would rise are considered the "most crowded"...

There's A Serious Disagreement Over The Next 'Pain Trade' In The Treasury Market (TLT)

Business & Finance : Business Insider: Clusterstock

David Woo, global head of rates and currencies research at BofA Merrill Lynch, suggests the next "pain trade" is betting on Treasuries. On the other hand, Woo's counterpart at Société Générale, global head of rates and FX strategy V...

Here are the areas of the stock market that'll get the biggest boost from Trump tax reform

Business & Finance : Business Insider: Clusterstock

Equity strategists across Wall Street have been reluctant to price tax reform expectations into their already-bullish forecasts. A successful GOP bill could lead to even more optimistic estimates, especially in areas like small caps...

GOP tax reform is going to give the dollar a boost, Bank of America says

Business & Finance : Business Insider: Clusterstock

The dollar has fallen 8% this year against a basket of other G10 currencies. But it's poised for a rebound in 2018 if the GOP tax plan passes, according to Bank of America Merrill Lynch. Right now, the market is pricing in "almost n...

Comments


Copyright © 2016 Regator, LLC