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COVID-19 UPDATE: Trump curveball likely leads to larger Bill = good. Mind the divergence as VIX, High-yield and Small-caps are giving 'risk-on vibes' since Monday

Click HERE to access the FSInsight COVID-19 Daily Chartbook.


For the next two weeks, we are going to be publishing on a shortened holiday schedule:

Week of 12/20...

Monday 12/21
Tuesday 12/22
Wednesday 12/23

Week of 12/27...
Monday 12/28
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STRATEGY: Mind the divergence -- VIX, HY, small-caps giving risk-on vibes.  Case data also starting to look really good = risk-on...
President Trump wants to increase relief payments to $2,000 from $600 per person...
The fiscal relief package was thrown a bit of a curve ball by this message at 7:15pm ET from current President Trump.  The 4:09 message (see link below) calls for greater checks for Americans and small businesses, while being critical of the spending appropriated for foreign governments and non-COVID-19 spending.  President Trump, in other words, is implicitly threatening to veto this bill.

His words "I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000, or $4,000 for a couple"

The video in this report is only accessible to members Speaker Nancy Pelosi at 8:33pm, or ~1:15 minutes later, responded positively to this message.  She commented that Democrats are ready to bring th...

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