The budget agreement reached by congressional Democrats and Republicans would provide only a modest boost to the U.S. economy. The psychological effect is likely to be a lot greater.
The stock market could use a healthy correction soon, before prices start rising at an unsustainable pace.
Crude options volatility rose as futures slipped below a $100 a barrel amid rising stockpiles. Implied volatility for at-the-money December options was 19.79% at 2:20 p.m. on the New York Mercantile Exchange, from 19.06% on Oct. 18.
The economic and political hurdles for the U.S. Federal Reserve to taper its bond purchases are steadily being removed, making it almost a dead certainty – but don't expect it to necessarily spur a U.S. dollar rally, at least not yet.