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To read more Michael Zezas, an analyst at Morgan Stanley, also said the tax legislation would be a boon to the market in the short term, but may not be able to make fundamental changes. The current flattening of the us Treasury yield curve shows that the medium-term slowdown in the us economy and the recession of 2019 are not going away. A tax reform would widen the fiscal deficit, possibly in the future and exacerbate cyclical risks in the economy. To exit a lost transaction, the most effective procedure is to issue a "stop loss order". Of course, the only way to do this is by the trader's idea of how much he's willing to lose. If he has set an acceptable level of loss before entering the trade, the only thing he can do is to issue a "stop loss order" once the market has reached that point. "Conceptual framework" published by the financial accounting standards board