DATA & FIGURES
The Urban Medical Health Insurance costs have remained the same since 2019, according to the CPI data. However, this seems unlikely, and many argue that health insurance premiums have gone up by at least 25%. The MOVE index, a measure of implied volatility in the bond market, dropped to pre-Iran levels after the meeting.
THE SCENARIO
The geopolitical, economic, or regulatory context is complex, with the Iran deal being fragile and the President's focus shifting to the domestic economy. The President's approval ratings are near or at the bottom, and he is likely to do everything in his power to boost stocks and his ratings.
DIRECT QUOTE
"I find it difficult to see a world where the government doesn’t try to support the taxpayers’ investment in this company." — Peter Tchir, Academy Securities
BBN INSIGHT
The President's ability to create a spectacle and boost stocks is well-known, and it is likely that he will do everything in his power to make the 250th July 4th celebration a big deal. This could have a positive impact on the stock market, especially for companies like Intel.
MARKET REACTION
The MOVE index dropped to pre-Iran levels after the meeting, indicating a decrease in implied volatility in the bond market. The stock market could react positively to the President's announcements and pronouncements, especially if they include support for companies like Intel.