With the time for today’s critical vote rapidly approaching, traders, pundits and the general population were eagerly looking forward to Paul Ryan’s rescheduled 3:30pm press conference (it was originally supposed to take place before noon). It now appears that they will have to wait some more, because moments ago the press conference was postponed for a second time, and this time it was delayed until further notice…
- RYAN PRESS CONFERENCE POSTPONED UNTIL FURTHER NOTICE
… meaning not only is it unlikely that a conference will take place today, but that the Trumpcare vote will even take place today, despite Sean Spicer’s vows.
And what appears to have been the final nail in today’s proposed vote came from Reuters:
- REPUBLICAN SENATORS BEING TOLD BY LEADER MCCONNELL THAT HOUSE NOT LIKELY TO VOTE ON HEALTHCARE BILL UNTIL MONDAY -SENIOR SENATE AIDE
And was confirmed by NBC:
NO HOUSE VOTE TODAY on healthcare per GOP leadership source
— Alex Moe (@AlexNBCNews) March 23, 2017
But wait, all is not lost:
- HOUSE REPUBLICANS TO MEET AT 7PM, POLITICO REPORTS
The market reaction to all this chaos – sharply lower – was predictable.