Wall Street Bets on Nancy Pelosi

“Major Wall Street brokerages are urging clients to look past Democratic infighting and prepare for a torrent of new government spending as House Speaker Nancy Pelosi brings two historic measures up for a vote,” CNBC reports.

“Strategists say that moderate Democrats hoping to persuade Pelosi to vote on the bipartisan infrastructure bill before a $3.5 trillion budget resolution will ultimately concede for fear of risking their reelection chances in 2022.”