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Thursday, December 21

20th Dec - A bit bearish

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2018 ECB outlook – Mission: possiblePictet
United Kingdom: Concluding Statement of the 2017 Article IV MissionIMF

Senate Passes Tax Bill 51-48, Headed Back To House For Final VoteZH
The US tax bill will boost 2018 earnings forecastsPictet
The 21% corporate tax rate could cause 2018 expected earnings growth for US stocks to more than double. We see some upside risk to our US equity scenario.

The concerning fiscal and external trajectories of the USvoxeu

Trump May Delay Signing Tax Bill Until Early Next YearZH

US-China relations on a concerning pathDanske Bank

In Dramatic Reversal, China Gives Up On Deleveraging PledgeZH

Despite Overnight Ramp, Stocks Are Being Dumped At The Open (Again)ZH

Yield Curve Steepens At Fastest Pace Since 2008ZH

FirstFT Daily BriefingFT
US Senate passes tax bill, Uber hit by court ruling, Cardinal Bernard Law dies

US Economy to Test Tax Cut Theories, Bitcoin Swings as Alternative Is Added to Exchange
Danske DailyDanske Bank

Brussels PlaybookPolitico
Polish sanctions — Italian priorities — Catalan fear campaign

Five Things You Need to Know to Start Your DayBB

Dow 25,000 In Sight As Tax Cuts Are "Priced In" One Last Time