- President Trump’s “big beautiful bill,” featuring tax cuts and increased spending, has rattled bond markets due to fears it will sharply increase U.S. national debt. Wall Street analysts are now questioning America’s status as a financial safe haven. But stocks were relatively calm this morning, before the market opened.
Global stock markets were relatively quiet this morning prior to the opening bell in New York. But the calm is an eerie one — all eyes are on the bond market, which is signalling, loudly, that it does not like President Trump’s “big beautiful bill” because it will likely increase the U.S. national debt. The bill has passed the House and is now heading to the Senate.
