Investors Wake Up to Political Reality

Markets had their worst one-day performance since the November election on Tuesday. It was as if investors finally woke up to a concern I have been talking about on these pages for weeks -- that tax and regulatory reform as well as a large infrastructure bill are largely dependent on whether the Obamacare repeal and replace effort is successful.

Right now, those prospects looking dicey as the president and the Speaker of the House apparently have not corralled the necessary votes to win passage of the bill in the House on Thursday. And from there, it still will have to get through the Senate. With a 52-48 seat edge, Republicans can only afford two defections there....365 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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