Good news keeps coming in—this should also be the main reason for today’s rise.

The prediction market has clearly raised its near-term bullish expectations, but this is only just the beginning—the real heavy lifting is ahead:
1. Release the integrated updated text;
2. Democrats and other swing senators review the ethics provisions;
3. Secure 60 votes to advance the motion and avoid a potentially lengthy debate;
4. The Senate passes the amended text;
5. Since the Senate version differs from the version already passed by the House, the House will need to agree again;
6. Ultimately submit it to the president for signature.
It’s just the first step on the long march, so at this pace, it feels like it may not get completed legislatively within the year.