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Stimulus Checks Bring Hope for Bull Market Roiled by Bond Yields

  • Payments seen as possible trigger for retail equity inflows
  • But market backdrop less bullish than before on higher yields

Stimulus checks from President Joe Biden’s $1.9 trillion pandemic relief plan will soon start arriving, a potential panacea to reignite the stock market rally.

About $150 billion could flow into stocks, based on a Deutsche Bank AG survey of retail investors indicating 37% of the direct payments will go into shares. An earlier inflow of stimulus cash helped push U.S. stocks to a record in January.