Juist minutes after hope for Senator Cornyn on the tax bill deal sent stocks to new record highs, Senator Rand Paul threw cold water all over the government shutdown budget bill with a tweet, sparking algos to sell on the "Paul says no" headlines.
I cannot in good conscience vote to add more to the already massive $20 trillion debt. I promised Kentucky to vote against reckless, deficit spending and I will do just that. pic.twitter.com/BUYqm91mli
— Senator Rand Paul (@RandPaul) December 12, 2017
The reaction from the machines is clear...
Bonds and Bullion are bid...
We suspect the market will bounce right back to the highs as soon as the machines realize this is not a "no" on the tax bill but the budget bill.