Chances Trump Cuts Taxes In 2017 Plunge By 50% In 3 Months, Betting Odds Show

Chances Trump Cuts Taxes In 2017 Plunge By 50% In 3 Months, Betting Odds Show

It goes without saying that the market has lost faith in Trumpian tax reform. In fact, if you take even a cursory look under the hood (i.e. if you look a little deeper than the benchmark level), it becomes readily apparent that virtually every Trump trade on the board has been faded pretty aggressively this year. That's visible not only in long-term yields and the dollar, but also in the relative performance of  various equity baskets. Recall the following charts from Goldman: The visual i
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