The last Emperor, I Clownius, lured untold amounts of capital into stocks on the basis of his tax cut, which would be paid for by canceling health insurance for 24 million working people. It took 14 months to create Obamacare, but Trump's team was going to repeal and replace it in 18 days. No greedy dunce questioned him...
With only minutes left prior to Friday's close, the news broke that the Healthcare bill was being pulled. Algos went vertical chasing shorts up and out, as the new false meme circulated that the tax cut has now been moved up in date. And just like that, the door slammed shut. However, after the close we learn that the goodies in the tax cut were predicated upon monetizing 24 million Obamacare participants. Without them, the math doesn't work.
Now, assuming there are no more morons left to be conned by Bozo the clown, I will go out on a limb and say that there is no way out of this for those who followed Trump into a dead end predicated upon monetizing their fellow man. We are very likely witnessing the perfect ending to the Roman Circus, and the clowns running it...
S&P with Rydex Bearish Positions:
