Stocks took an intraday dive on these headlines:
BN: *HOUSE IS SAID TO BE DISCUSSING PHASE-IN OF CORPORATE TAX CUT
*PLAN WOULD CUT CORPORATE RATE GRADUALLY, REACHING 20% IN 2022
*CORPORATE TAX PLAN IS STILL UNDER DISCUSSION, SOURCE SAYS
Market expectations are certainly for a one shot deal here to 20%.
INTRADAY SPX
Peter is the Chief Investment Officer at Bleakley Advisory Group and is a CNBC contributor. Each day The Boock Report provides summaries and commentary on the macro data and news that matter, with analysis of what it all means and how it fits together.