News to Know: Futures Jump, Other Lessons
Good Morning Traders,
Futures are up big this morning, solely to reinforce the lesson that one should never buy calls on UVXY. The VIX looks to open at 10 with Contango at 14.49%.
Last minute jockeying surrounding the tax bill briefly upset markets yesterday but worries appear to have subsided.
2017-12-15/timing-tax-reform- votes-uncertain-several- senators-get-cold-feet
Net Neutrality has been repealed. Although the WSJ covers the event below they fail to mention how Title II, essentially granted the government the power to revoke an ISP’s license to provide internet. Anyone with half a brain can see that this was in effect a ploy to force censorship through control of ISP’s.
The motive behind Murdoch’s sale of a large chunk of his empire is still murky, but we have a feeling it has less to do with succession than with changes he sees coming to the landscape in the near future.
news/articles/2017-12-15/ murdoch-solves-empire- succession-by-getting-rid-of- the-empire
Dustin Hoffman appears to be next on the Hollywood hit list and has been accused of sexual misconduct by multiple women.