Shutdown & Trump

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Hello traders,

Today Trump announced his intention to eliminate the filibuster — a Senate procedure that allows a minority to delay or block a vote — which would enable him to end the shutdown and help reduce funding stress in the repo market through more stable TGA (Treasury General Account) flows, acknowledging that the stock market is being affected.

The news has helped market makers keeping liquidity stable as volatility is getting crushed below our key level on VIX we mentioned yesterday.

Now let’s move into today’s earnings:

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