$XAU Let's take a look back at tonight’s motion vote result on the “Clear Act.” In the end, 49 votes were in favor, 50 against—total votes cast by 99 members.
And this result clearly isn’t simply explained by failing to reach 60 votes. It ultimately ended in a temporary defeat. Obviously, the threshold for pushing the bill remains very high, and the difficulty is considerable.
Currently, there are 53 seats for Republicans in the Senate, 45 for Democrats, and 2 for independents. This means that if Republicans internally fully supported it, they could get at least 53 support votes.
But the actual outcome plainly contradicts that. Not only did Democrats oppose it—within the Republican Party, it also was not full support. Four Republicans voted against it.
Next, take a look at the market screen. Before the vote results came out, the broader market had already started a sharp pullback, indicating that the main funds were not optimistic about it—or had even anticipated the outcome in advance. Right now, it’s best not to jump in early to bottom-fish or chase short positions. Wait until tomorrow when the rate hike result is released, and then enter based on the candlestick chart trend—better!