The Fed's Fiscal Policy Responses to the Global High Yield Market

Fiscal policy has really been directed at, I think, small business and workers. So these companies that are making more than 50 million a year of revenue but are not too big to fail. The problem for those businesses is that the risk is they're left to die on the vine. But nobody really cares about them because they're not too large to fail or too small to matter. There's not a big voting base in that mid-cap segment. That's why I think the equity market rebound is going to be very disjointed. Equity is about to today because people are hoping that Trump will do this deal with the Democrats on his $2 trillion stimulus.