Risk Appetite Stimulated by Powell’s Deregulation Comments, Senate Committee’s Approval of Tax Plan

Market sentiment was buoyed by a number of events including comments from the incoming Fed Chair Jerome Powell, approval of the Republican tax bill the Senate Budget Committee and the progress of the Brexit talks with the UK and the EU close to conclude the amount of the divorce bill. Wall Street soared to fresh record highs with the DJIA and S&P 500 indices +1.09% and +0.98% respectively.

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Risk Appetite Stimulated by Powell’s Deregulation Comments, Senate Committee’s Approval of Tax Plan