EghtesadOnline: The death of the Republican healthcare reform may not prove to be the knife to the heart of the bull market some had feared, but to keep the Trump Trade alive investors should temper expectations for the breadth of expected tax cuts.

EghtesadOnline: Once again, tax reform is on the agenda in Washington, and this time there’s a genuinely radical idea under discussion: the House Republicans’ plan for a new “border adjustment” corporate income tax. It would, they say, transform the sluggish United States into a much better place to invest and create jobs. Would it work? The answer depends, in part, on who’s right—economists or lobbyists.

EghtesadOnline: This year, tax reform could give U.S. companies access to hundreds of billions of dollars they have stashed overseas. Many corporations can’t wait that long.

EghtesadOnline: The dollar extended gains after Federal Reserve Chair Janet Yellen boosted expectations for an interest-rate rise in December and ahead of the U.S. president laying out his tax-reform plan. U.S. and European equity futures climbed, while most Asian stocks declined.

EghtesadOnline: Asian stocks extended a global rally after corporate results and hopes of U.S. tax reform boosted optimism for global growth. Weakness in the yen lifted Japanese equities for a fifth day.