Stocks Pop After Cornyn Suggests Tax Bill Deal “Possible” Today

Despite numerous headlines indicating a tax bill deal early next week, Republican Senator John Cornyn just told media that there “may be a tentative tax bill deal today.” Algos liked the news and immediately bid stocks higher (despite no knowledge of what is in the ‘deal’).
‘It’s possible,’ John Cornyn, the No. 2 Senate Republican, tells reporters of tax bill, according to Bloomberg.
The Senate has ‘ping-ponged’ offers back and forth with House and is making good progress, he says.
And stocks popped on it…

This post was published at Zero Hedge on Dec 12, 2017.