Tax Cuts Likely - Clear Sailing Until Dec 12th - Stay Long

One Option Trading Blog http://ift.tt/2AqwuO9 Posted 9:50 AM ET - Yesterday we saw a rotation out of tech and into financials. As nasty as the action appeared, the S&P 500 was unchanged. It appears that the Senate will pass the tax bill tonight or tomorrow. The market will rally on the news. Once the tax bill is passed the focus will shift to the budget. Lawmakers will push the deadline back to January and it will coincide with debt ceiling negotiations. This process could get ugly especially if Republicans lose a Senate seat on December 12th (Alabama). If this happens Republicans will only have a one …