ISM Manufacturing, Personal Income & Spending, Consumer Sentiment, EU Unemployment, EU Inflation, EU Manufacturing
monday-november-21 Chicago Fed National Activity, S&P 500 P/E, Junk Bond Performance
friday-november-18 Kansas Manufacturing, Leading Indicators, Bonds Flows, Equity Flows, Yield Curve
The Tax Policy Center estimates that 50% of the benefits from the Trump tax plan will go to the top 1% of households – those earning more than about $700,000. Consequently the plan will reduce federal revenue by an estimated $3.5 trillion over 10 years (WSJ). The plan has only 3 tax brackets, aligned as the red lines over current tax policy. The lowest bracket would move up to 12% from 10%, while the top three brackets top out at 33%.
wednesday-november-16 10-year Breakeven Rate, Dollar Index, Debt to GDP, PPI, Atlanta Fed Inflation Expectations, Crude Inventories, Mortgage Applications, TIC Flows, Industrial Production