⚖️ 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.