Russian Roulette is a pretty dark song, and latest developments in ‘Russia-gate’ centred on what former national security advisor Michael Flynn was prepared to tell about Trump administration dealings with Russia, after earlier admitting he had lied to the FBI, cast a dark pall over markets on Friday. This was before news later in the day from Senate majority leader Mitch McConnell that the Republicans had the numbers to pass a tax bill (which they duly did, by 51-49 votes, in the early hours of Saturday morning). Deficit hawk Bob Corker was the only hold-out. The successful passing of the tax bill has led to a huge rally in the US Futures Indices with the S&P and Dow trading 20 Handles and 230 points higher respectively to new all-time highs.
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