QQQ
Senate passes $1.9T COVID relief bill
- The Senate has passed the Democrats' $1.9T COVID relief bill that
provides direct stimulus checks.
- The vote passed on party lines.
- The bill provides $1,400 checks for Americans, with income limits at
$75K per person and $150K per couple.
- The package also provides $300/week more in jobless benefits.
- Proposed Republican amendments were voted down by 50-49, the same
margin as the final vote. GOP Sen. Dan Sullivan of Alaska did note vote
due
to a family emergency.
- Democrats also had to resolve internal disputes over the bill during
the overnight session.
- The passage was expected by the markets, with the bond market looking
decidedly cautious about the inflationary effects of another $1.9T
hitting
the U.S. economy.
- The Nasdaq 100 (NASDAQ:QQQ) posted its third weekly loss in a row
after longer Treasury yields jumped to recent highs following d
timetrader
The only certain thing is the loss of the time value (while trading options)