After four days of boring sideways trading, the market finally needs to choose its direction, and our attention should shift from the Iran Israel Conflict stablecoin bill to the Beautiful Big Bill. A few hours ago, after a fierce tug of war, the Senate passed a procedural vote with 51 in favor and 49 against, allowing the bill to enter the formal debate stage. After this vote is passed, the bill can only be sent to Trump's desk for signature and implementation after another vote by both houses. The voting lasted for 4 hours, which can be called a tug of war. But in fact, this is the new normal of American politics. The two parties of the United States and Trump have actually fallen into a deep performing governance logic. For example, Trump's recent performance on the Iraq Israel issue can be regarded as both standing and standing. It's just a script. He also needs to show the script on the stage to show everyone his wisdom, which is just the performance of declining control. He will only perform as a president of his own imagination, rather than being a truly capable president. This vote is similar to the vote of the House Budget Committee on May 18th. At that time, a small group of four Republican lawmakers also voted against it in order to gain additional benefits for their own faction within the party, highlighting the minor divisions within the major divide between the two parties in the United States. Anyway, in the end, the three former opposition Republican senators (Rand Paul, Ron Johnson, Tim Sheehy) switched to voting in favor at the last minute, avoiding the awkward situation where Vance had to step down to break the tie. This bill has made adjustments to the following core provisions: 1. The upper limit of local tax exemptions for SALT has been increased from $10000 to $40000 2. Increased medical subsidies and established a 25 billion yuan rural hospital fund Wind and solar energy projects must be "put into use" before the end of 2027 to receive tax incentives, which is stricter than before. The $7500 consumption tax incentive for electric vehicles will be terminated early on September 30th. (So Musk is spraying wildly on Twitter) 4. Delete clause 899 on "retaliatory taxation" 5. Raise the debt ceiling by $5 trillion 6. Remittance tax rate increases from 3.5% to 1% 7. Reduce funding for the Consumer Financial Protection Bureau and increase funding for the border wall There are still some internal and external bottlenecks in the upcoming vote: At least three people within the Republican Party (Tillis, Collins, Lee) may still oppose it. Trump called Tillis to lobby in person over the weekend, saying that "failure to pass the bill is the biggest betrayal of voters". It also failed to change Tills' attitude. Democratic minority leader Schumer said he would "read the bill all night" and use procedural rules to delay time. At present, Trump very much hopes that the bill will be passed before the US National Day on 7.4 next Friday. Although there seems to be many objections on the surface, in any case, the bill will be passed eventually. What we need to develop now is an operational plan for the fluctuations that may occur before and after the bill is passed, to see if the trend will follow the usual path, that is, to first rise after it is passed, and then fall back after all the good news is released. After all, the historical high of Friday's Nasdaq is something we need to focus on observing and paying attention to.