SPDR S&P 500 (SPY)

[risk on]

“ tax news after the close “, of course ! Lol

But, is it really “ news” ? I think the house voting to pass their version is a far gone conclusion.

The real drama starts after T day w senate version vote . But, then the true drama comes even after they pass it , because then the senate and house must agree on identical language in order to get a bill passed and to the executive for signing into Law.

I think we see a ride with some thrills and spills , but ultimately Corp tax cuts get passed, but then the real Q becomes , were Corp tax cuts already baked in into market levels ? And will it be a sell the news event ?