Given how much excitement rumors around a Donald Trump-sponsored, $1 trillion infrastructure proposal generated in the market earlier this week, you'd be forgiven for assuming that an even more expensive plan from Democrats would have invigorated traders' "animal spirits".
Alas, the unveil of a $1.5 trillion plan that includes funding for roads, transit, schools, housing, bridges, rural broadband and the postal service, was met with yawns on a sleepy day for markets stateside.
The legislation - called the "Moving Forward Act" - addresses public lands, clean energy, health care and water, and will get a vote in the House prior to July 4th. Referencing the cost of the bill, Nancy Pelosi essentially referred questions to Jerome Powell. "With the interest rates where they are now there's never been a better time for us to go big", she said. At least Trump and Pelosi can agree on that.
But the market wasn't in the mood to celebrate literal bridge-building. Not at a time when all figurative bridges to reconciliation between the White House and Trump's ever expanding list of enemies have been burned.
The president spent a good part of Thursday berating the Supreme Court in a series
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