Will Trump’s spending bill luck run out?
It isn’t just a weekend of warmer weather for the President, who took off for Mar-a-Lago yesterday evening. It is possibly a weekend full of calmer news. The decision from Democratic minority leader Chuck Schumer to let the spending bill advance in the Senate allowed the six-month extension to get over the line last night, as the Senate voted 54-46 to see it through. This seemed to give markets a temporary sense of relief as well, as growing expectation that the bill would pass saw stocks rally. Both the S&P 500 and Nasdaq had their best day gains since Donald Trump took office again, while technology stocks also appeared to make a major comeback by the time markets closed yesterday.