Confused Algos Slam Stocks As Rand Paul Says “No” On Debt-Busting Budget Deal

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.

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.

via http://ift.tt/2jzH9zI Tyler Durden

Leave a Reply

Your email address will not be published.