Congress is packed with old school Republicans. They historically have opposed big spending packages unless it has to do with defense.
It's a Fu$king joke and all Fu$king lies I certainly remember.... All right here... http://www.mrc.org/articles/debunki...-allotted-road-bridge-infrastructure-spending
Here is the thing, the market can stay irrational far longer than it can become rational (or long enough to put you out of commission...)
The data says otherwise. It is what it is. Sure enough, rates went higher and so did stock prices. That's what I love about data analysis. It's usually right when done correctly.
It seems a lot of companies are blaming lackluster earnings on a strong dollar. I'm sure there are many reasons for weaker earnings, but if you accept that it's at least partially responsible in some cases, I would think a higher rate and therefore stronger dollar will not lead us to ATHs. It's all a guessing game at this point, we could have the rate hike in December and have it be the only one that year (again). Yellen seems determined to finish her term.