⚖️ Trump’s Tax Bill Passes, Yields Cool, Bitcoin Booms – But Don’t Get Too Cozy
Markets Pause the Panic—But the Storm Ain’t Over
📉 Market Recap – A Breath, Not a Breakout
Markets seesawed Thursday after a brutal Wednesday sell-off. The House barely passed Trump’s $4T tax plan, helping ease some bond market panic—for now.
Dow Jones: ⚖️ Flat
S&P 500: 🔻 –0.04%
Nasdaq: 🔺 +0.28%
The bounce was tepid. Traders are watching yields and deficit headlines like hawks 🦅.
📈 Bond Market: Panic Eases—For Now
After Wednesday’s 20Y auction disaster, long-end yields finally took a breather:
🔻 10Y: 4.55%
🔻 30Y: 5.07% (off crisis-era highs)
Moody’s downgrade + Trump’s $4T tax-and-spend package = bond traders sweating bullets. But the short-term calm might not last with a Senate battle looming.
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