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 USDJPY 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!