Today’s Quick Takes:
Top Tech Stocks’ $1.7 Trillion Gain Eclipses Canada’s Economy
The Gap Between Rich and Poor May Be Reaching Its Peak
QT: In the olden days we would have seen pitchforks by now. These days everyone is glued to $NFLX, $FB, $GOOGL, or shopping on $AMZN with $AAPL devices.
Greece to distribute 1.4 bln euros to citizens hit by austerity
Dick’s Sporting Goods shares sink on weak 2018 outlook
Powell Wants to Change How the Fed Communicates
Venezuela Creditor Meeting Is a Bust as S&P Declares Default
House GOP set to pass tax bill on Thursday
Cohn: ‘We’ve Got to Get Taxes Done This Year’
QT: It’s the end product that matters, the one actually signed by the president. And this will not happen until December, down to the wire. Once that moment passes there is no more “more QE”. There will be less. There will be no more “tax cuts are coming” They will be a known quantity. What’s the carrot then?
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