Good news is coming in frequently, which should also be the main reason for today's rise.

The market has clearly raised its short-term optimistic expectations, but this is just the beginning; the main events are still to come:

1. Release the consolidated new version of the text;

2. Democratic and other swing senators review the ethical clauses;

3. Obtain 60 votes to advance the motion, overcoming potential lengthy debates;

4. The Senate passes the revised text;

5. Since the Senate version differs from the version already passed by the House of Representatives, the House must re-approve;

6. Finally submit it for the President's signature.

This is the first step on a long march, so at this pace, it doesn’t seem likely that legislation will be completed within the year.

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