Oh, the Joys of writing the Snapshot when the Nasdaq changes the shape of just about everything (nice late day rally SXXP) amidst big news that the House of Representatives passed Trump’s signature tax bill (215-214, with one abstention, where it now moves to the Senate). The multi-trillion-dollar package aims to prevent a year-end tax increase but will raises concerns about ballooning deficits, especially after Moody’s downgraded the U.S. government’s credit rating. Long bond yields moved high…
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