A Long Buy of the Rumour, Possible Short Sell of the Fact

November 3, 2017

This week, Republicans in the US House of Representatives finally unveiled their tax bill—designed to be a compromise between the aggressive tax cuts introduced by President Trump weeks ago and treatment of deductions that have been called for by Conservatives in order to contain the budget deficit. Considering the magnitude of gains in US stocks this year, it is clear investors have planned on aggressive tax measures and not a watered down bill.

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