Stocks Tank As Brady Confirms SALT Deductions Will Stay In House Bill

By / November 14, 2017

US equities just legged lower – led by tech-heavy Nasdaq – after Ways & Means Committee Chair Kevin Brady confirmed that The House Tax Bill will keep SALT deductions, implicitly lowering tax revenues (and thus a potentially smaller corporate tax cut).

Nasdaq is leading the drop…

 

Apple most notably extended losses on the headline…

 

And FANG Stocks are fading..

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