Stay updated with breaking news from Julie hyman david. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Abigail . Another roller coaster ride, earlier up more than 1 , and then down more than 1 . Right now we are down about 1 . The volatility we have seen all we continue. This started last week, major averages put in their worst Weekly Performance since january 2016, extending into this week. Lets see this fiveday chart of the doubt. This is monday, where stocks were holding in, and then all of a sudden at the lows, down 1600 points. Buy the did action, frenzied buying, resulting in wednesday being flat. Now we are whipsawed, but we just put in a lower low. That tells us the sellers are in control. Year, we had that big rally for the major averages, climbing , climbing, a slow melt up. We have seen lots of small swings on an intraday basis. February, look at these massive moves for the doubt. That continues to build. Volatility breeds volatility, so this suggests we are likely to see more of the same. In terms of the big names d ....
Carl, let me start with the Balance Sheet. Give indications on timing or anything else that maybe is left unanswered here . One of the questions regarding the Balance Sheet would be under what conditions will they back away from this plan . The fed wants to operate passively in the background. Under what conditions will the possiblyt boring and rejigger the plan. That is something we would be more inclined to hear about in the press conference. Shery one of the things that you cannot actually avoid is volatility. That people have not really priced that in yet. That the ecbhe doj said that when the doj started this quantitative easing process, it was kind of like an electromagnet and you have seen volatility drop considerably. I think that is an accurate assessment, because now a very large higher is acting out of our is backing out of the markets. What will hinge on the decisio ....
What explains the delay . One of a hammering out at this point . What are they hammering out at this point . It sound like they are still turning the dials. They dont have the answers yet to some of these key questions, specifically how to make what is about 6 trillion in tax cuts reduced to about 1. 5 trillion by finding ways to pay for it, so they are looking at things like ending the state and local deduction, changing text breaks for retirement benefits, a variety of things and they have not fully come up with the answers yet in a way that makes that work with the mathematical number. Next steps are the here, presuming it comes out tomorrow . Layout the next several weeks of the sausage making, so to speak. Sahil it is going to be an extremely busy few weeks. If all goes to plan, the bill comes out tomorrow, the ways and Means Committee sends it to the floor of the house. They pass it out of the house and the basin intends to ....