BofAML: Health Care Failure “Best Thing To Happen To Trump Trades Since Inauguration”

So there are two things you can do when bad things happen or when the narrative you've been clinging to in order to justify your positions falls apart. You can i) admit that things didn't go the way you thought they were going to go and trim your positions (which is apparently what a whole lot of 10Y shorts did in the days following the Fed) or you can ii) double down on your mistake and try to find a way to claim you weren't wrong. On Tuesday, BofAML is taking option ii to a whole new level.