RUSH TRANSCRIPT That phrase ░░░░░░░░ you like it or ░░░░░░░░ Stocks are more focused ░░░░░░░░ the omicron during today ░░░░░░░░ fears begin to fade ░░░░░░░░ the impact of that ░░░░░░░░ the world economy Reaction ░░░░░░░░ national taxpayers union Brandon ░░░░░░░░ and capital founder George ░░░░░░░░ to see you both ░░░░░░░░ you for being here ░░░░░░░░ let me go to ░░░░░░░░ The market action we ░░░░░░░░ to our intraday high ░░░░░░░░ was 736 on the ░░░░░░░░ side it is still ░░░░░░░░ healthy 715 points on ░░░░░░░░ plus side It seems ░░░░░░░░ like a relief rally ░░░░░░░░ is something going on ░░░░░░░░ is really reacting to ░░░░░░░░ this world economy is ░░░░░░░░ of doing and capable ░░░░░░░░ producing The market has ░░░░░░░░ fearful of a downturn ░░░░░░░░ quite some time The ░░░░░░░░ that we have to ░░░░░░░░ for quite some week ░░░░░░░░ eminently predictable the new ░░░░░░░░ was only the catalytic ░░░░░░░░ for that The reality ░░░░░░░░ the tenure at a ░░░░░░░░ 40 with no alternatives ░░░░░░░░ equities they are going ░░░░░░░░ continue to rally It ░░░░░░░░ hard to see taken ░░░░░░░░ sustained downturn with interest ░░░░░░░░ being negative after inflation ░░░░░░░░ will still have a ░░░░░░░░ market David I want ░░░░░░░░ stick with you on ░░░░░░░░ what happens when rates ░░░░░░░░ up are people going ░░░░░░░░ find an alternative to ░░░░░░░░ That is the kryptonite ░░░░░░░░ the market If rates ░░░░░░░░ north on the tenure ░░░░░░░░ competition for equities will ░░░░░░░░ a very healthy decline ░░░░░░░░ they have been unable ░░░░░░░░ do that Even though ░░░░░░░░ Fed is going to ░░░░░░░░ its buying treasury securities ░░░░░░░░ means there s not ░░░░░░░░ real price for treasury ░░░░░░░░ Fed is artificially keeping ░░░░░░░░ extremely low That is ░░░░░░░░ for paying the federal ░░░░░░░░ and also good for ░░░░░░░░ David there s another ░░░░░░░░ that is good for ░░░░░░░░ the president is having ░░░░░░░░ with the Build Back ░░░░░░░░ plan At first they ░░░░░░░░ thinking of passing before ░░░░░░░░ knew what wasn t ░░░░░░░░ But the more that ░░░░░░░░ dive into the details ░░░░░░░░ everything with immigration and ░░░░░░░░ in IRS and the ░░░░░░░░ of it all which ░░░░░░░░ what Senator Manchin focuses ░░░░░░░░ s becoming a very ░░░░░░░░ sell for the president ░░░░░░░░ is trying to sell ░░░░░░░░ but again it s ░░░░░░░░ really tough sell is ░░░░░░░░ not Absolutely no more ░░░░░░░░ find out the less ░░░░░░░░ they like We found ░░░░░░░░ recently in the very ░░░░░░░░ year end provides tax ░░░░░░░░ in the amount of ░░░░░░░░ billion to people that ░░░░░░░░ a million dollars or ░░░░░░░░ huge tax cut for ░░░░░░░░ wealthy and the last ░░░░░░░░ end provides tax increases ░░░░░░░░ people making 20000 a ░░░░░░░░ It is no surprise ░░░░░░░░ senators like Manchin and ░░░░░░░░ and other moderates to ░░░░░░░░ serious questions about the ░░░░░░░░ in which it was ░░░░░░░░ together and an overhaul ░░░░░░░░ throwing in the trashcan ░░░░░░░░ the moderate Democrats need ░░░░░░░░ pick it apart and ░░░░░░░░ the egregious examples of ░░░░░░░░ in unfairness David they ░░░░░░░░ not blind to the ░░░░░░░░ that the numbers don ░░░░░░░░ add up It s ░░░░░░░░ fully paid for The ░░░░░░░░ b o has said ░░░░░░░░