Goldman: Tax Reform Basket Selling Off Shows Getting Anything Through Congress Not Given

Tax reform basket .... The S&P 500 fell 1% last week, a Goldman Sachs report noted, pointing to a greater concern for Trump administration policies that, with stocks up near 14 points in early afternoon trading, appears to have shrugged off concerns – at least for now.

Tax reform basket - Markets are turning the page on health care, focused on the optimistic news du jour

With the market down last week – highlighted by financials being weak and interest rate sensitive utilities up 1.5%, the same amount as the S&P 500 was down – the high-flying financials experienced their own mean reversion,...