The market had a rough week last week with T-notes spiking, and also a little of the market trying to hold the government hostage. Well when everyone is gone, and the news usually disappears, that is a common fact to release things on Friday night because everyone is gone for the weekend. The great government of the USA passed a 100% covid relief bill.
Ya right they voted on it Friday night because they wanted to hide the garbage they are trying to pass. Let me tell you, that if you truly believe the donkey party really cares about helping people in need you are out of your damn mind. They have stalled for almost half a fricken year, and then to pass a bill that half has nothing to do with the virus, and tons of money doesn't get spent for years. Please it was all about control and making someone look bad so they could gain power.
That being said, we should get a pop, but I don't know if this is what the market was looking for, or if it will add to the wanting of people getting paid more for taking the risks of owning a treasury. That is really what caused the T-note to rise, people stepping away from buying at that low rate and demanding more payment for a increasing risk.
So I am thinking this might actually be a sell the news in a few days..... We will have to watch the charts.