To gain an edge, this is what you need to know now.
Inflation Reduction
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- In the Morning Capsule, we shared with you that Senator Manchin and Senate Majority Leader Schumer had reached a deal. They are calling their bill the Inflation Reduction Act.
- President Biden is urging Democrats to quickly pass the Inflation Reduction Act.
- The chart shows that after the market opened there was initially some selling due to negative GDP.