Having reached new record highs at the open amid yet another panic-buying scramble, stocks have turned down dramatically this morning (seemingly around the Industrial Production data). VIX is up modestly but as the dollar index weakens, USD/JPY has tumbled back below 113.00…

As stocks rapidly erase yesterday’s gains…

Some are arguing that McConnell’s comments may have been the catalyst… Perhaps signaling that none are working on tax reform?