Markets tumbled in the US yesterday, as the first day of seemingly unplanned chaos poked its head into the Fiscal Cliff drama.The GOP is planning to vote on a ‘Plan B’ scheme, that would keep taxes low on everyone but millionaires, hoping to force Obama to sign a bill that would be sub-optimal for him.
It’s a ploy, but at this late stage, it made people a little nervous.
Today, markets are basically going nowhere.
US futures are flat. Italy is down a touch. Spain is up a touch. Germany is down a hair.
Japan had one of its first real down days in a while.