(As of 10:04 am pacific)
The market is reacting negatively to the Supreme Court’s
decision to uphold Obamacare under the argument of it being a tax measure. The market looks at this as a negative in
that it will cause employers to limit hiring and possibly lay off workers. All other news is dwarfed by this huge
development. The dollar is up, while oil
and gold are down. I would expect a
business as usual approach as the day wears on and that the market will recover
some of its losses from what appears to be a kneejerk reaction to the Supreme
Court’s decision.
