As muscle is flexed in Syria, the Trump trades are nonetheless crumbling. A Bank of America Merrill Lynch report notes the trend in US dollar, higher interest rates and skyrocketing financial stocks are sputtering – the “three horsemen of the Trump trade.” Even an interest rate hike couldn’t reverse the trend. The financial moves come amid a shifting environment in Washington DC as the idea of a border adjustment — BAT tax — is giving way to a value added tax — VAT tax — but will it be enough to build consensus? Searching for a win, adjustments on tax…
BofA Advocates For VAT Tax
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
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