Options backdating wsj
“Tax reform retroactive to January of 2017 is very positive if that were to happen,” said Peter Cardillo, chief market economist at First Standard Financial.
“That would obviously give a boost to economic activity and corporate growth ahead,” he said.
Tuesday’s moves come after the S&P 500 and the Dow industrials logged their biggest one-day percentage gains in months on diminished anxieties about hurricanes, notably Hurricane Irma which hit Florida over the weekend, and tensions in the Korean Peninsula.
Read: This legendary value-investor is another stymied by expensive stocks Apple Inc.
“There will be some more volatility before the month is over, but I am not letting that bother me,” Pavlik said.
“I am seeing a [corporate] earnings environment that is supportive at these levels, but we will likely get these periods where people are worried abut valuations,” he said.
Read: Equifax lobbied for more lax regulations ahead of massive data breach At a hedge-fund conference, Delivering Alpha, in New York, Julian Robertson, chief executive of Tiger Management, on said he favored the so-called FAANG stocks, arguing that Apple, Facebook Inc.
A standard exclusion found in most private company directors and officers insurance policies precludes coverage for claims brought by one insured against another insured – the so-called Insured vs. The exclusion typically includes several coverage carve-backs preserving coverage for certain types of claims for which the exclusion would otherwise preclude coverage.
Check out: A live recap of Apple’s i Phone presentation The Dow Jones Industrial Average added 8.37 points, or 0.3%, to close at 2,496.48, notching its second record in as many days and its 32nd this year, led by a second straight day of gains for financials as the yield of the 10-year Treasury note climbed to finished up 22.02 points, or 0.3%, at 6,454.28, overcoming early session wobbles to book its 47th all-time high for the technology-laden index this year.
Market participants also are looking for further signs that fiscal-stimulus measures promised by President Donald Trump during his presidential campaign may still have a chance of coming to fruition on the heels of an interview with Treasury Secretary Steven Mnuchin on CNBC Tuesday morning at an investment conference in New York.
Check out: Market Watch’s coverage of Delivering Alpha Mnuchin said he hopes Republicans can get a tax overhaul through Congress by the end of the year, and offered that the administration was considering backdating tax reform to the start of 2017.
Insured exclusion in the company’s D&O insurance policy and therefore that there was no coverage under policy for the underlying claim.
The decision highlights the importance of the specific language used in the coverage carve-back.