The American Rescue plan, President Biden’s pride and joy, and the focus of this week. The Fed is set to announce its commitment to low interest rates for the foreseeable future, with stimulus being the biggest factor set to drive public relief. Biden seems to be out at full force to change and refine almost every policy that Trump put in place, but still sticking to strong trade policy.
Yesterday saw some strong sell off in the market with Lockdown and Covid-19 fears coming into play as Biden signed travel ban orders, and the fear of the new strains to hold off the market.
From an economic calendar point of view there’s not a lot of data coming out of the market today, the biggest thing to look out for is US consumer confidence this afternoon.