Markets are buying risk as the US tax reform plans feed into a stock rally extending from Friday. The turnaround has helped commodities, hurt the USD marginally in Europe but not Asia, and left bonds lower. Cowen & Co’s Washington Research Group provide a comprehensive run down on the latest draft and provisions, and the bill is expected to pass on Wednesday. RecMac provide a useful piece around blockchain technology and the issues around building fool proof compliance, while Danske Bank provide some interesting scenario analysis on the Swedish housing market is prices continue to fall further, and where the opportunities are for investors looking to trade this view. Meanwhile, in his annual technical outlook, BAMl’s Stephen Suttmeier writes that excess headlines and tweets during 2017 about rising geopolitical tensions, populist divides, surprise economic reforms and devastating natural disasters may have unjustly influenced an investment strategy. 2018 will be different he says, and investors will need to trust prices to confirm market direction and establish clear thresholds to validate or invalidate their views. Lastly, Lombard Street Research have written an excellent piece on the oil markets, where they argue that the current apparent ‘truce’ between OPEC+ and US shale as an unstable equilibrium. US operators are currently in a sweet spot, but they running on borrowed time, not least as Russia’s incentive to continue cooperating fully is likely to dwindle going into H2 2018. This complicates any plans Saudi Arabia may have to unwind the supply cuts.