S&P was up about 19 points. End down -7.32 points or -0.31%

The US stocks surged higher on the back of a much better than expected ADP report. Then gave up all the stinking gains when the Fed minutes said:

  • Stock prices were "quite high"
  • That the Fed did not think fiscal policy won't be in effect until next year

They also did say that most on Fed thought they should unwind the balance sheet. Details were sketchy.

A final blow seems to be a report that Sen Paul Ryan said that tax changes were a way off as well. Whoops.... No healthcare. No taxes. No good.

  • S&P ends the day down -7.21 points ro -0.31%
  • Nasdaq was down -34 points or -0.58%
  • Dow was down -41 points or -0.20%

So it was fast break the other way....