Hmm.... We know there are a couple $trillion worth of government gifts coming, including $1,400 direct to the person checks. And we know there's $3 trillion more coming relatively soon, in the form of infrastructure spending.
Now that's the sort of news that had markets screaming higher last year, in the face of a global pandemic, no less.
So what's up with stocks?
S&P 500 Feb 8 to this morning:
"It is the nature of the politician—intentions notwithstanding—to attempt to fix the things that bring pain to his constituents. Like the overprotective parents who can’t bear to witness their child suffering the normal pains of life, who carefully arrange the child’s experiences, who provide for every whim, who fill life’s potholes before the little angel can lose a step, and who ultimately deliver an emotionally anemic adult void of any real-life problem-solving skills. One who sees government (as he did Mommy and Daddy) as the answer to all the world’s challenges. This surely describes the incubation of many of today’s politicians."
Have a nice day!