Why The Infrastructure Bill Could Be Bad News For The Stock Market

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Why The Infrastructure Bill Could Be Bad News For The Stock Market

Benzinga2021-06-30

The SPDR S&P 500 ETF Trust(NYSE:SPY) and the Global X US Infrastructure Development ETF(BATS:PAVE) both initially traded higher last week afterPresident Joe Bidensaid “we have a deal” on a bipartisan ...

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Comment（11）

AliciaA
·2021-06-30
Good
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EKT
·2021-06-30
?
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tidehunter
·2021-06-30
Like and comment
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1
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glorify
·2021-06-30
Buy to average the cost & ignore the news
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3
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Huachoo
·2021-06-30
Good
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4
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开开心心好心情的兄弟
·2021-06-30
Just buy and average up do not care about the news
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- 开开心心好心情的兄弟:
  yes good today buy more
  2021-07-02
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- PunkyBen:
  Good.
  2021-06-30
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Whateverlah
·2021-06-30
Good
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- Whateverlah:
  Yup
  2021-06-30
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KH321
·2021-06-30
Why raise tax to fund social benefit when you can print more money?
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Catherine321
·2021-06-30
Yes
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2
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PanaCota
·2021-06-30
Oh no
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ShawnKoh1
·2021-06-30
Like and comment
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- divinepapa:
  Sure
  2021-06-30
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Biden has said those programs would be funded largely via tax increases.\nIt’s unclear at this point whether Biden will attempt to pass the bipartisan physical infrastructure deal and the social infrastructure deal as part of the same package or if they could potentially have enough votes to pass them without Republican support.\nPossible Scenarios:Essaye said the best-case scenario for the stock market would likely be for the bipartisan infrastructure bill to pass while the social infrastructure bill does not.\n“I say that because the net economic impact would be more stimulus (increase infrastructure spending) but no tax increases,” Essaye said in the email.\nThe second-best outcome would be for neither bill to pass given that would essentially maintain the status quo.\nThe worst-case scenario for investors would be that the bipartisan physical infrastructure passes along with the social infrastructure bill, Essaye said.\n“From a market standpoint, at this point the risk of an infrastructure bill is greater than the reward, again because any corporate tax increase (or capital gains tax increases) would more than offset any positives from an additional $600 billion in spending over the next few years,” he said.\nBenzinga’s Take:For over a year now, almost all of the policy headlines out of Washington have been bullish for the stock market given they have mostly been one stimulus spending program after another.\nBiden has been consistent about his desire to raise taxes on corporations, top earners and investors, so investors should be prepared for some potential negative headlines out of Washington as the administration’s attention shifts away from saving the economy from the pandemic and toward funding Biden’s other campaign promises.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":153523800,"gmtCreate":1625036732500,"gmtModify":1703850634331,"author":{"id":"3583113201416266","authorId":"3583113201416266","name":"AliciaA","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3583113201416266","idStr":"3583113201416266"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153523800","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153278605,"gmtCreate":1625030401807,"gmtModify":1703850540802,"author":{"id":"3569624208133637","authorId":"3569624208133637","name":"EKT","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3569624208133637","idStr":"3569624208133637"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153278605","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153257814,"gmtCreate":1625029582738,"gmtModify":1703850519504,"author":{"id":"4088048277781100","authorId":"4088048277781100","name":"tidehunter","avatar":"https://static.tigerbbs.com/054762626e1a434c87bd55fb2f049570","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"4088048277781100","idStr":"4088048277781100"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153257814","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153284026,"gmtCreate":1625027655365,"gmtModify":1703850473491,"author":{"id":"4087698744325360","authorId":"4087698744325360","name":"glorify","avatar":"https://static.tigerbbs.com/bb1a0d88b0029e6cb51d7065d6b143e5","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"4087698744325360","idStr":"4087698744325360"},"htmlText":"Buy to average the cost &amp; ignore&nbsp;the news&nbsp;","listText":"Buy to average the cost &amp; ignore&nbsp;the news&nbsp;","text":"Buy to average the cost & ignore the news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153284026","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153217921,"gmtCreate":1625027162963,"gmtModify":1703850460359,"author":{"id":"3580352609056458","authorId":"3580352609056458","name":"Huachoo","avatar":"https://static.tigerbbs.com/abb724624176e5676426a76b7bb12d64","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3580352609056458","idStr":"3580352609056458"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153217921","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153626719,"gmtCreate":1625022837131,"gmtModify":1703850355792,"author":{"id":"3569313801991301","authorId":"3569313801991301","name":"开开心心好心情的兄弟","avatar":"https://static.tigerbbs.com/dff103551cc901aee1ee3b3d32ec232c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3569313801991301","idStr":"3569313801991301"},"htmlText":"Just buy and average up do not care about the news&nbsp;","listText":"Just buy and average up do not care about the news&nbsp;","text":"Just buy and average up do not care about the news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/153626719","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5095976,"gmtCreate":1625180728644,"gmtModify":1663230405228,"authorId":3569313801991301,"author":{"id":3569313801991301,"idStr":"3569313801991301","authorId":3569313801991301,"name":"开开心心好心情的兄弟","avatar":"https://static.tigerbbs.com/dff103551cc901aee1ee3b3d32ec232c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153626719,"type":1,"supId":0,"prevId":0,"content":"yes good today buy <u>more</u>","text":"yes good today buy <u>more</u>","html":"yes good today buy <u>more</u>"},{"id":5077183,"gmtCreate":1625026841495,"gmtModify":1663230321041,"authorId":3576581443814101,"author":{"id":3576581443814101,"idStr":"3576581443814101","authorId":3576581443814101,"name":"PunkyBen","avatar":"https://static.tigerbbs.com/d60782e6e0433b0b2bf66bc49ca27ab5","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.16","exceedPercentage":"93.98%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153626719,"type":1,"supId":0,"prevId":0,"content":"Good. ","text":"Good. ","html":"Good. "}],"langContent":"EN"},{"id":153667712,"gmtCreate":1625022451636,"gmtModify":1703850347093,"author":{"id":"3561630674343706","authorId":"3561630674343706","name":"Whateverlah","avatar":"https://static.tigerbbs.com/f0c49774c0eff8252ee6e61046f40c1e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3561630674343706","idStr":"3561630674343706"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153667712","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5076631,"gmtCreate":1625022460795,"gmtModify":1663230318442,"authorId":3561630674343706,"author":{"id":3561630674343706,"idStr":"3561630674343706","authorId":3561630674343706,"name":"Whateverlah","avatar":"https://static.tigerbbs.com/f0c49774c0eff8252ee6e61046f40c1e","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153667712,"type":1,"supId":0,"prevId":0,"content":"Yup","text":"Yup","html":"Yup"}],"langContent":"EN"},{"id":153664784,"gmtCreate":1625022401048,"gmtModify":1703850345088,"author":{"id":"3586451610703869","authorId":"3586451610703869","name":"KH321","avatar":"https://static.tigerbbs.com/c1bb8bd7d6d5df5f9732871fe60999ea","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3586451610703869","idStr":"3586451610703869"},"htmlText":"Why raise tax to fund social benefit when you can print more money?&nbsp;","listText":"Why raise tax to fund social benefit when you can print more money?&nbsp;","text":"Why raise tax to fund social benefit when you can print more money?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153664784","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153663625,"gmtCreate":1625022047867,"gmtModify":1703850336413,"author":{"id":"3569880697294695","authorId":"3569880697294695","name":"Catherine321","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3569880697294695","idStr":"3569880697294695"},"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153663625","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153614095,"gmtCreate":1625021208617,"gmtModify":1703850315397,"author":{"id":"3581588474178431","authorId":"3581588474178431","name":"PanaCota","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581588474178431","idStr":"3581588474178431"},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153614095","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":153611769,"gmtCreate":1625021079151,"gmtModify":1703850309219,"author":{"id":"3570598542159923","authorId":"3570598542159923","name":"ShawnKoh1","avatar":"https://static.tigerbbs.com/0045c4894f8a2755b17a9e8518df4d5e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3570598542159923","idStr":"3570598542159923"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153611769","repostId":1160106611,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5076454,"gmtCreate":1625021096195,"gmtModify":1663230315637,"authorId":3584420866475715,"author":{"id":3584420866475715,"idStr":"3584420866475715","authorId":3584420866475715,"name":"divinepapa","avatar":"https://static.tigerbbs.com/b52780a80da5e755e46198835579e479","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":153611769,"type":1,"supId":0,"prevId":0,"content":"<u>Sure</u>","text":"<u>Sure</u>","html":"<u>Sure</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":95,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}