Having reached new record highs at the open amid yet another panic-buying scramble, stocks have turned down dramatically this morning (seemingly around the Industrial Production data). VIX is up modestly but as the dollar index weakens, USD/JPY has tumbled back below 113.00...
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As stocks rapidly erase yesterday's gains...
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Some are arguing that McConnell's comments may have been the catalyst... Perhaps signaling that none are working on tax reform?
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