It appears the algos have their ‘tax’ sensitivity turned all the way to 11…
A brief Bloomberg headline stating no new news at all – confirming that Trump’s policy framework did not include a ‘phase-in’ period for corporate tax cuts – has sent USD/JPY spiking and thus stocks rallying…
*TRUMP SAYS `NOT LOOKING’ AT PHASEDOWN OF CORPORATE TAX RATE
When asked during a brief press hit, if corporate tax cut will be phased in, Trump replied, “hopefully not.”
Buy mortimer…
As we said yesterday – this market wants its corporate tax cut and it wants it now!
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