Of course ...
Mighty interesting also as it exposes all the corruption and lobbying behind these people.
I mean can you craft a coronavirus bill for the people without pork which is stealing from the issue.
The infomercial/State Of Emergency combo pack struck me as super good for labquest and cvs, et al. He temporarily got back 2k of the 7k the DOW has lost, and he has been bragging all day that on Friday he manipulated traders to buy more than evah!
But there have been (once again) "creative liberties" taken with the truth. Google does not have 1700 engineers working on a Website right about ready to go live for everybody... they have a subsidiary with nowhere near 1700 anythings working on it, not going live except for the SF Bay area, and in beta not production. It was intended for medical personnel and was presented as being for the general public. Who knows what they're trying to spin into what (and everybody, traders included, have gotten wise to the spin cycle.)
So you have a creative writing exercise followed by an infomercial Friday, scheduled to end when the market closes. Nobody has the chance to get out of their newfound optimism before the fact check downgrades the bets they made. I'll be interested to see the effects on Monday morning. (No futures over the weekend -- get ready for lots of Friday afternoon pressers, until even supporters are wise to the trick.)
I will say that this morning, the administration (not POTUS himself, but I'll take it,) was spreading "credit" w/Pelosi, who wrote the House relief bill. To their credit, the exec. branch got on board. House pubbies not so much, who knows what rubbish will happen in the Senate.
But you guys understand what the market is seeing/reacting to here? First you have the chosen ones who get their beak wet (just the infomercial qualifies, but I am sure there are more tendrils than that involved.) Then you have the secular return of bailouts to the tune of trillions.
I'm not going to render an opinion on it, other than if you're going to have bailouts, have super-honest bailouts, where the money is really going to fixing an emergency. I am not confident that this is the course being followed.