House Majority Leader, Eric Cantor, may not be able to move votes, but he certainly moved the market and gave investors a nice Christmas tweet at 3:05 pm today.
The House will return for legislative business on Sunday, December 30. First votes are expected at 6:30 p.m.—
Eric Cantor (@GOPLeader) December 27, 2012
Not expecting anything big, however. Just a bridge to the real battle that will take place after the 113th Congress convenes at noon on January 3rd.
The market did have its Jackie Moon moment today so we’re expecting a better bid into the New Year. It’s a traders market. The S&P 500 has gotta hold today’s low at 1,401.80.
(click here if chart is not observable)