DC is defined by strategic ambiguity from the White House and risk aversion from Congress. Members are frustrated by presidential semantics on the war, while punting on reconciliation ahead of recess. With an unhappy electorate and reelection pressures, the path of least resistance is inaction. This political paralysis suggests no major policy catalysts, keeping markets like oil range-bound until a forcing event.
Yields
NDX
RUT

inferred
Metals
USD
Rock Solutions 2.5
Other
Kristen Hahn 6.0
5/21/2026 10:22:35 PM

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