According to Missouri Republican Roy Blunt, “If we’re going to do it this year, I think it’s now or never.” Of course, a $2 trillion package will face stiff opposition in the Republican Senate, especially with more and more senators prudently distancing themselves from President Trump.
The bond market is torn on whether or not to believe it, with the 10Y again testing overhead resistance.
And ES, which tagged our next downside target after hours yesterday, isn’t very optimistic at all.
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