Gary Cohn, an economic advisor to the Trump Administration, said at a brief press conference that he expects the tax reform to be completed by the end of November. Despite the journalists' questions, Cohn was very reluctant and cautious in his speech, and did not give any more information about how Republicans want to win the battle in the Senate. It is this republican secret that puzzles most Wall Street players, who in turn do not expect substantial changes to the tax law.
* Our tax reform will enter into discussion at the end of October or early November.
* I can not guarantee that every middle-class family will get tax relief.
* Purchase of housing is not dictated by tax reform, but by consumer confidence.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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