December 9, 2020
Analysts are saying that a second COVID-19 relief package looks likely to become reality before the end of the year, MarketWatch reported Tuesday.
“We now think that COVID relief is more likely than not to pass with a year-end funding bill likely due on Dec. 18, but we don’t necessarily think a deal will surface until early next week,” Capital Alpha Partners’ James Lucier wrote in a note to clients.
“In the meantime, the $908-billion bipartisan plan is something of a sideshow and a distraction,” he added. “Parts of that plan might get into the final offer, but not the whole plan.”
Hunter Hammond, a Height Capital Markets analyst, was similarly optimistic.
“We continue to believe (75% odds) that Congress will pass a limited bill ($250-400B) extending unemployment benefits, reopening the Paycheck Protection Program (PPP), and providing additional vaccine development and distribution funding,” Hammond wrote Tuesday.
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