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With the time for today’s critical vote rapidly approaching, traders, pundits and the general population were eagerly looking forward to Paul Ryan’s rescheduled 3:30pm press conference (it was originally supposed to take place before noon). It now appears that they will have to wait some more, because moments ago the press conference was postponed for a second time, and this time it was delayed until further notice…
… meaning not only is it unlikely that a conference will take place today, but that the Trumpcare vote will even take place today, despite Sean Spicer’s vows.
And the final nail in today’s proposed vote came from Reuters:
The market reaction – sharply lower again – was predictable, as the Ryan delay confirms that a vote today would likely not pass.