Great and Beautiful Bill Passes! Debt Problem Solved But More Troubles?
On the afternoon of July 3, the U.S. House of Representatives passed President Trump’s “Big and Beautiful” tax and spending bill with a vote of 218 in favor and 214 against. While the move helps avert a short-term government default, it further worsens the long-term U.S. debt situation.
Will you buy the winners and ditch the losers?
Or do you think the market impact will be limited?