China's Fiscal Plan Falls Flat
China’s plan to ease local government financial pressures fails to win over investors
Highlights
China’s plan to ease local government financial pressures fails to win over investors
Trump may have more problems with his fiscal plans than many believe
A surprisingly dovish Powell is what the bond market needed to hear
FedEx and UPS gear up for a holiday season price war (positive news for inflation!)
Key Takeaways
Risk-On Rally Runs Out of Steam
The dramatic post-election risk-on trade looks exhausted at this point. U.S. futures are little changed for a change in the aftermath of a blowout $20 billion net inflow into U.S. equity funds on Wednesday.
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