VAT. Fed. IT

(1) Volcker’s VAT. (2) Bad day for Energy and Consumer Discretionary stocks. (3) European governments are in debt despite VAT. (4) A bullish monetary twilight zone. (5) S&P 500 sectors with mojo. (6) The FOMC plays Hamlet. (7) Repeat five times: “extended period.” (8) No V or U in construction. (9) It’s a bingo for semiconductors. (10) Is IT set to outperform again? NOTICE: Our Morning Briefings are now available on FactSet.