- Another fiscal stimulus package was broadly assumed to be left for dead until at least after the election, but comments from House Speaker Nancy Pelosi in a MSNBC interview suggest otherwise.
- She says the president's COVID-19 diagnosis has changed the equation, and that the two sides will find a path on a bill. A "middle ground" will be found.
- Stocks are bouncing a bit off opening lows, the S&P 500 (SP500) now off 0.9% and Nasdaq (COMP) down 1.15%.
- Long-dated Treasury yields are up modestly, the 10-year ahead one basis point to 0.69%. TLT -0.4%.
- As for the Speaker herself, she's awaiting results from her own COVID-19 test.
- https://seekingalpha.com/news/3619406-nancy-pelosi-sounding-optimistic-on-stimulus-following-presidents-covidminus-19-diagnosis
Friday, October 2, 2020
Pelosi sounding optimistic on stimulus after president's COVID-19 diagnosis
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