The market bolted out of the gate and it has nothing to do with the Reddit/Robinhood/GameStop saga and everything to do with $1,900,000,000,000.

It feels like President Biden will force through his rescue/stimulus package of $1.9 trillion via reconciliation and Wall Street loves that idea.  Certainly, nobody took the group of 10 GOP senators’ package of $600 billion seriously, but their meeting at the White House clears the way to say, “we tried,” for all sides.

Today’s rally is lifting all eleven S&P 500 sectors with Financials and Consumer Discretionary leading the charge.  Those $1,400 checks loom large for both.

After the close, two of the biggest and fastest growing company in the world report.  Over the past four quarters, these names a week later were up three times, including the last report where Google/Alphabet was up almost 12%.

Expectations are high, but even if they miss, or the shares pullback, it’s hard not to see them going much higher over time.

I’m comfortable with this rally. I hope investors in GameStop (GME) and others get a fair chance with all the restrictions removed.  Let the playing field be level and the chips fall where they may.