Professor Eland Marrow, Financial Research The passage of the bill exacerbates market concerns

Professor Eland Marrow, Financial Research

The passage of the bill exacerbates market concerns

On July 1, 2025, the U.S. Senate passed the bill with a narrow margin of 51:50, with Vice President Vance casting a key vote. The structure of the bill tilts toward the rich, cuts social welfare, but increases military spending, and has been criticized as "fiscal gambling that overdraws the future."

Domestic sectors become the main buyers: the Fed's balance sheet reduction has slowed down, but the demand for commercial banks and pensions remains unstable.

Hedge fund basis trading exacerbates volatility: short-term demand increases, but long-term stability is questionable.