29 Dec 2020
What are your thoughts on the US stimulus update with the House approves Trump's $2K check? How do you think this will affect the US Stock market?
The House voted overwhelmingly Monday to increase COVID-19 relief checks to $2,000, meeting President Donald Trump's demand for bigger payments and sending the bill to the GOP-controlled Senate, where the outcome is uncertain.
Market sentiment alr do not expect the $2k to clear Senate. Rep leader Mitch Mcconnell is bent on going against House majority Dems so likelihood of the 2k passing Senate is slim. So in this aspect, Senate not passing the check is alr priced in based on market, and shouldn't cause much movement. HOWEVER, IF Senate surprisingly passes the 2k, then the stocks market will jump on upside.
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