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Post by theMist on Jul 13, 2017 11:50:33 GMT -5
VXX might very well be countertrending as SP gets that frothy again. If vix gets deep in the nines, and VXX gets a little below the daily BB, you gotta be wary. I think Definitely possible. I believe this is one of the last trips spot VIX has back in the 9s
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Post by theMist on Jul 13, 2017 11:57:15 GMT -5
iPath or anyone else?
Congress delayed August recess - when do you think we will finally get news regarding tax reform?
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Post by ipath on Jul 13, 2017 12:06:09 GMT -5
So glad I loaded up on Macys the other day, Prime Day And my Kohls call options also almost doubled today.. This retail rollercoaster is amazing in this rage
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Post by ipath on Jul 13, 2017 12:12:40 GMT -5
Mist, Whenever it happens it will definitely impact the markets.. didn't hear much about it lately
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Post by ipath on Jul 13, 2017 12:13:53 GMT -5
Just read this related to the tax reform: (REUTERS July 12, 2017 / 4:24 PM ) The conservative House Freedom Caucus threatened on Wednesday to block a fiscal 2018 budget resolution vital to tax reform, unless Republican leaders release a plan that slashes U.S. corporate taxes and doubles the standard deduction for individuals.
The demand from the hardline group could escalate infighting that has prevented Republicans in the House of Representatives from agreeing on a spending blueprint for the fiscal year beginning Oct. 1.
With about three dozen members, the Freedom Caucus can stymie any legislation in the Republican-controlled House.
Passing a budget resolution is vital to the success of a Republican tax overhaul effort because it would allow a bill to pass the 100-seat Senate with only a simple majority. Otherwise, the legislation would require 60 votes in a chamber where Republicans have only 52 seats.
The Freedom Caucus also repeated a call for the House to remain in session during August, saying lawmakers should also address healthcare and an increase in the federal debt ceiling rather than head home to their districts.
Budget negotiations have bogged down over the group's efforts to include more than $200 billion of cuts to mandatory spending programs over a decade in any budget resolution, a move opposed by Republican moderates.
President Donald Trump and Republicans in Congress have promised to deliver a tax reform package this year. But the House budget squabble and hurdles facing healthcare legislation in the Senate have begun to worry business lobbyists about the prospects for success.
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Post by walnut on Jul 13, 2017 12:20:34 GMT -5
Gotta go ttyl
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