SPDR S&P 500 (SPY)

[risk on]

NY is right, that thinking IS logical , but logic won’t apply to this tax cut package. The CBO # won’t matter. The fact the cuts may only be for 10 years , due to the “ revenue neutral “ provision of any new legislation, won’t matter.

It seems the whole reason the congressional majority has stomached the signor of legislation this far is for this one thing , tax cuts.

They are willing to make any deal, skew any numbers, shed any of their beliefs on the country’s debt in order to get tax cuts through.

As far as them blowing up the debt beyond $20T , they do not care. The same folks who squawked about “ fiscal responsibility “ vis a vis the national debt, are now completely ignoring their principles for these tax cuts.

They are hell bent on passing them, and I see them willing to cut any deal necessary w the minority in order to get those long sought tax cuts on upper incomes.

That still doesn’t mean the market will keep going up though