Unironically super bullish for the US economy, billions flowing back to businesses alongside those new tax breaks for R&D and investment means a shitload of private investment is coming
The biggest risk the market still has not priced in is that the government may not ride to the rescue of a recession like in recessions past under both R and D.
That would require admitting a problem and course correcting. Ego won't allow that.
We'll be told it's Biden, it's immigrants, its blue state governors or the Fed. That CNN made it up.
But once the interest rate bullets have all been spent the next steps require admitting fault and that will never happen.