$XAU Let’s review tonight’s proposed vote result for the “Clear Bill.” In the end, 49 votes were in favor, 50 against—out of 99 total voters.
Clearly, this outcome is not simply because it didn’t reach 60 votes. Ultimately, it ended in temporary failure. Evidently, the threshold for pushing the bill is still quite high, making it a tough challenge.
Currently, there are 53 seats for the Republican Party in the Senate, 45 for the Democrats, and 2 for independents. This means that if the Republicans fully back it, they could at least secure 53 support votes.
But the real outcome directly contradicts that. Not only did the Democrats oppose it, but the Republicans also were not fully united in support—4 Republicans voted against.
Now look at the chart. Before the vote results came out, the broader market had already started a sharp pullback, indicating that the main funds likely weren’t optimistic, or had already anticipated the result in advance. Right now, it’s best not to rush in early to buy the dip or short. Wait until tomorrow’s rate-hike results are released, and then enter based on the K-line trend—it’ll be better!