House to vote post-midnight on President Trump's Big Beautiful Bill, pushing tax cuts, spending reductions, and America First policies. Speaker Johnson confident in passage despite GOP holdouts.
An analysis by itep.org comes to the conclusion that two-thirds of the tax cuts offered in 2027 would go to the top 20 percent of families, and 41 percent would flow to just the top 5 percent of families. https://lnkd.in/dS-KWdQV.
Will 2-day work pay be enough for the bills in 10 years?
Source: Wall Street Mav, Fortune
HedgeFunds have added $25 Billion of short equity futures exposure over the last 3 COT reports, the largest increase AT LEAST the last decade 🚨🚨
Source: Barchart
The Conference Board Leading Economic Index FELL to the lowest level in 11 YEARS.
The drawdown since the peak has been 17.3%, the biggest since the Great Financial Crisis. Such a drop has never been seen outside of recessions and is higher than in 2001. Source: Bloomberg, Liz Ann Sonders, Global Markets Investor
Canada's national pension fund piled into US market in Q1 despite the 'Buy Canada' push.
Another proof that the "Sell America" narrative is overdone? Source: Eric Balchunas, Bloomberg
Mutual funds are 723bps underweight the Mag7
Source: Mike Zaccardi, CFA, CMT, MBA
In case you wonder why stocks when down yesterday
BOND AUCTION FOR THE US 20-YEAR TREASURIES WAS UGLY Because of the lack of bidders…it caused the 20-year bond yield to surge to 5.1%. Stock markets didn't like it Source: amit @amitisinvesting
Are rising bond yields the elephant in the room for equities?
Source: Trend Spider
