Sunday, March 25, 2018

Three current issues

1.  Bank "stress test" results are due by April 5th meanwhile they have recently had to take a $30B-$40B (major) markdown of certain financial assets in response to the Jan. 1 tax reform law;


2.  Impending House approval of S.2155 the bank reform bill which will change the way (in banks favor) depository banks currently have to maintain regulatory capital against risk-free central bank deposits;


3.  First quarter earnings results start to come in along with (hopefully) some official forward looking statements by the firms as to the favorable effects on after tax earnings the Trump corporate tax reforms will bring...

I don't see anything really good happening (financially...) until after these 3 issues resolve...

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