Wall Street read the Ways and Means IRA language and thought it was "better than feared": tax credits still only phased out intead of being cancelled immediately. Some clean energy stocks even went up. Then they realized the langauge would kneecap the storage industry heatmap.news/economy/wall... - ThreadSky

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zeitlin.bsky.social • 1 day ago

Wall Street read the Ways and Means IRA language and thought it was "better than feared": tax credits still only phased out intead of being cancelled immediately. Some clean energy stocks even went up. Then they realized the langauge would kneecap the storage industry

https://heatmap.news/economy/wall-street-ira-budget

Comments

santelli.bsky.social•1 day ago

I appreciate the piece, but I gotta say, this doesn't really show Wall Street catching on (not yet, anyway)

zeitlin.bsky.social•1 day ago

it's all very entangled with backing down on tariffs which happened the same day the new language came out

zeitlin.bsky.social•1 day ago

in short, don't listen to wall street, read and subscribe to @heatmap.news https://heatmap.news/economy/wall-street-ira-budget

wp410.bsky.social•1 day ago

Wall Street is badly analyzing Trumps policies because they are operating on a very simple "Republican = Good for Business" mentality.

The problem is that by the time they'll realize this error, Trump will be a lame duck and it wont matter.

foreigngadger.bsky.social•1 day ago

Not to mention that Trump and his thieves are not true Republicans any more but fascists masquerading as such.

sbeales.bsky.social•1 day ago

It's funny because Republican in recent history is never Good for Business.

The trouble is the unregulated bad actors take bad faith risks, profit and exit, not caring about the crash that follows,economy needs to be rescued by incoming Democrat and cycle continues.

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