1.Trump Trader Reversal….Tax Cut Basket Gives Back All Gains.
Equity Markets: According to the next chart, the markets seem to be giving up on US corporate tax cuts. It shows that a broad basket of companies paying the highest tax rates has reversed all of its post-election outperformance and then some. The stock market doesn’t see these firms in a lower-tax regime anytime soon
Source: @tracyalloway
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