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Budget! Tax Reform! Dollar Flies on Hope

Market Drivers  October 20, 2017 Dollar higher across the board on Senate budget passage Catalan conflict persists Nikkei 0.40% Dax 0.36% Oil $52/bbl Gold $1280/oz. Europe and Asia: EUR EZ CA 33B vs. 31.5B GBP UK PSNB North America CAD CPI 8:30 CAD Retail Sales 8:30 USD Existing...
Posted On 21 Oct 2017

Tax Prospects Lift Rates and Dollar Ahead of Weekend

The US Senate approved a budget resolution that is a necessary step toward using a parliamentary maneuver that prevents the Democrats to block tax reform by filibuster.   This has helped spur dollar gains against all the major currencies and nearly all the emerging market...
Posted On 21 Oct 2017

4 Tax-Savings Tasks to Complete Before Thanksgiving

Waiting until December to make charitable donations or start moving money between various accounts to save money on 2017 taxes can present several obstacles Transactions at investment firms can get delayed in December as people barrage these firms with such requests as year end...
Posted On 20 Oct 2017

The Real Reason Big Tech Is Driving Higher

When looking at year to date (YTD) performance for the major tech stocks, it is tempting to think that something has to give. Facebook ( FB ), Amazon ( AMZN ), Apple ( AAPL ), Netflix ( NFLX ) and Google ( GOOGL ) are up around 47%, 31%, 35%, 53% and 24% respectively since the...
Posted On 15 Oct 2017

4 Year-End Tax-Savings Tips to Handle Before Thanksgiving

Waiting until December to make charitable donations or start moving money between various accounts to save money on 2017 taxes can present several obstacles Transactions at investment firms can get delayed in December as people barrage these firms with such requests as year end...
Posted On 15 Oct 2017

How Losing a Spouse Could Raise a Survivors Taxes 416%

The death of a spouse is especially devastating if the loss also leads to financial insecurity The death of a spouse is especially devastating if the loss also leads to financial insecurity And yet I often meet couples who have spent little time thinking about what could happen...
Posted On 15 Oct 2017

Think Playing Quarterback Is Tough? Try Sorting Out an Athlete’s Tax Bill

Some professional athletes may score giant signing bonuses and big paychecks but they also can be sidelined by tax troubles Three tax experts who specialize in pro sports reveal a few surprises that routinely blindside new players 1 State tax strikeout Most people just have to Source
Posted On 30 Sep 2017

TBT Advance Gains Momentum

By Mike Paulenoff, MPTrader.com As we noted in our article last week, we have had strong reasons technically as well as from a macro perspective to be bullish on the ProShares UltraShort 20+ Year Treasury ( TBT ) since its low just under 33 on September 7. And the TBT has...
Posted On 30 Sep 2017

CAD And NZD Fall Sharply On Central Bank Disappointment

Daily FX Market Roundup 09.27.17 The U.S. dollar ended the day higher against all of the major currencies but by the end of the NY trading session, the currency had given up a large part of those gains. President Trump provided zero details on his tax reform plan, leaving the...
Posted On 30 Sep 2017

Heres How Much Your Taxes Could Rise Under Trumps New Tax Plan

President Donald Trump has announced a new tax plan that he believes is a “once-in-a-generation opportunity.” During public remarks in Indianapolis on Sept. 27, 2017, Trump promised that his new proposal will “cut  taxes  for the middle class, make the tax code simpler and more...
Posted On 30 Sep 2017