Zero Hedge
0
All posts from Zero Hedge
Zero Hedge in Zero Hedge,

Stocks, USDJPY Jump On Trump Tax 'Phasedown' Comments

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!