House Democrats are celebrating today as their recent $1.9 Trillion Covid Relief Bill made its way through Washington DC to an approval yesterday. While the bill was unanimously opposed by Republicans, President Biden plans to take his first victory lap since taking office to tout the passing of the bill.
It’s assumed by House Republicans that most citizens will find themselves distracted by the offer of a $1,400 stimulus check and won’t notice that, behind the flashy facade of another cash handout, there are hidden segments of the bill that will give an absorbent amount more to help left leaning causes, including a $60 Billion tax hike to – among other things – help bail out the many blue states that currently find themselves in economic trouble.
Democrats, however, continue to tout the passing of the bill as the first of the Biden administration’s many coming victories and point to the DOW surge that followed as evidence to support their claims.
As we’ve seen, the short-term effects of this bill have been relatively positive, but one can’t help but wonder if things will look so shiny a few months down the road. Only time will tell…
With the continued printing of money, the coming of another stimulus check and the U.S. deficit up another $1.4 Trillion, (despite the recent DOW jump) many investors find themselves concerned about the long-term impact these actions will have on the U.S. dollar and the U.S. economy overall.
If you find yourself among the growing list of individuals who are uncertain how best to move forward during these unusual circumstances, we’re proud to say that’s where we can help!
Join DTI founder and Head Trader Tom Busby below as he sits down with you to review his take on today’s markets — including his 7 Sisters Update, picks for his current Top 10 Stocks, some new Bitcoin stats, and updates on how he plans to maneuver through the overall market during these trying times.
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