USA tax reform unlikely to proceed and may fail, they will call it delayed. Debt ceiling vote due in December to remind all the corporate tax cut will dramatically increase the debt levels of the US government.
Our economy is flat and high growth is not forcast so this looks to be exuberance on our market. Pump n dump time in my opinion.
Im quite short both markets so this may be clouding my judgement.
USA tax reform unlikely to proceed and may fail, they will call...
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