The Coming Government Shutdown

This is a syndicated repost courtesy of The Daily Reckoning. To view original, click here. Reposted with permission.
Health care dead. Tax cuts in doubt.
Is a government shutdown next? And when?
Details coming up, as the news folks say.
But first to the narrow canyons and broad shoulders of Wall Street…
We wondered yesterday if the post-health care market swoon would trigger another round of ‘buying the dip.’
It seems we have our answer…
The Dow was up a dip-buying 150 points Tuesday.
The S&P tacked on another 17 points. The Nasdaq added 35.
Must be all those tax cuts and infrastructure dollars coming down the pike now that health care passed…

This post was published at Wall Street Examiner on March 28, 2017.