When Paul Ryan announced that the American Health Care Act (AHCA) was being withdrawn, it signaled the end of the first legislative push of the Trump Presidency and dampened hopes of unity within the Republican Party. Market trading trended downward after the announcement on Friday afternoon, and there has been substantial bleeding early this week. The banking sector has been hit especially hard, with Goldman Sachs falling 3 percent, Bank of America 3.6 percent, and JPMorgan 2 percent. As the vote on the AHCA approached, there were growing signs that President Trump and House leadership wouldn’t have the support they need … Continue reading Markets react to Health Care Act withdrawal