By Chris Becker
No tax cuts? Sell everything! The irony and stupidity in share markets was on full show last night as stocks sold off due to the reality sinking it that the largesse GOP tax cuts are probably not going to ever see the light of day. BTW, check out this (old) video from Michael Lewis on how stock markets are rigged.
Anyway, US stocks fell more than 1% intrasession before recovering half that as signals across the board indicate that blowoff rallies across the world are starting to tip over. The USD fell against the majors while Treasuries rose in sympathy.