Markets Come Bounding Back — Consumer Confidence Spikes; Obama Set To Propose Middle Class Tax Freeze

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Markets have rallied back into the green!

The Dow was down 100 in early going futures. Now it’s up 12!

What’s going on?

Two things: There was a good consumer confidence number.

And The Washington Post is reporting that Obama will propose a middle class tax freeze (which is a predictable opening move in this fiscal cliff fight).

Both Boehner (at 11:05 AM) and Obama (at 1 PM) have public announcements/statements on the deficit and fiscal cliff coming up.

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