Biden's Stimulus Plan And Market Reaction拜登的刺激计划和市场反应

Biden's economic stimulus plan:

1. Direct payments of $1,400 to most Americans, bringing the total relief to $2,000, including December’s $600 payments.

2. Increasing the federal, per-week unemployment benefit to $400 and extending it through the end of September.

3. Increasing the federal minimum wage to $15 per hour.

4. Extending the eviction and foreclosure moratoriums until the end of September.

5. $350 billion in state and local government aid, $170 billion for K-12 schools and institutions of higher education.

6. $50 billion toward Covid-19 testing.

7.$20 billion toward a national vaccine program in partnership with states, localities and tribes.

8. Making the Child Tax Credit fully refundable for the year and increasing the credit to $3,000 per child ($3,600 for a child under age 6.

US stock index futures started to fall right after Biden announced the stimulus plan earlier today and have been getting worse going into the night. It is a classic sell on news event. Even though the stimulus may help to reopened economy but analysts worried that higher interest rates or tax hikes to pay for the spending down the road could hurt stocks. The already extreme high valuation on stocks make it even worse. Potential riots all over the country and next Wednesday's inauguration are investor‘s concern. Tomorrow's market looks bias to the downside. 

Bitcoin also falls:

拜登的经济刺激计划：

1.向大多数美国人直接付款1400美元，使救济总额达到2,000美元，包括12月份的600美元付款。

2.将联邦每周失业救济金增加到400美元，并将其延长到9月底。

3.将联邦最低工资提高到每小时15美元。

4. 将暂停对交不起房租而被逼迁和交不起房贷而被收屋的期限延长至9月底。

5. 3500亿美元的州和地方政府援助,为K-12学校和高等教育机构提供1700亿美元的援助。

6. 500亿美元用于Covid-19测试。

7. 与州，地方和部落合作，为国家疫苗计划拨款200亿美元。

8.使儿童税收抵免在当年可以全额退还，并将税收抵免增加到每个孩子3,000美元（6岁以下孩子为3,600美元）。

拜登（Biden）今天早些时候宣布了刺激计划之后，美国股指期货开始下跌，到到晚上变得越来越糟。 这是经典的消息发布后的抛售。 尽管刺激措施可能有助于重新开放经济，但分析人士担心，随之而来的高利率或加税以支付现在的支出很可能会伤害股票。已经极端高的股票估值使情况更加糟糕。周末全国各地及下周三的就职典礼潜在的动乱也是投资者的担忧。明天的市场看起来偏向下行。

比特币也跌：