Locator: 48634TAXES.
Now to the US House.
I don't know if the "Tax Cut Bill" amounts to $4 trillion or not, but we can start there. I think everyone agrees the deficit will increase about that much, or at least in the ballpark.
Market after that news was announced:
- NASDAQ continued with its trend for the day. Down 200 points.
- Dow continued with its trend for the day, but surged. Up almost 500 points.
US market:
- huge growth in international equities; huge
- the spread between US equities and international equities the largest spread in 24 years
- a really, really weak dollar but the equity market is a lot more than just a weak dollar
