US: Most Republicans Oppose Major Cuts To Medicaid
A new KFF Health Tracking Poll has found that, “most of the public, including some Republicans, oppose deep budget and staffing cuts to federal health programs and agencies”.
- The report notes: “Across a range of questions, large majorities of Democrats and independents oppose the Trump administration’s major cuts to federal health agencies and programs, while Republicans are more supportive. Those who identify with President Trump’s Make America Great Again movement are even more supportive of cuts to health agency’s staff and budget but still split on cuts to funding for Medicaid and a few other programs.”
- The survey data may complicate House Speaker Mike Johnson's (R-LA) plans to cut USD$880 billion from the funding overseen by the House Committee on Energy and Commerce, the bulk of which is expected to come from cuts to Medicaid.
Figure 1: Support for Major Medicaid Cuts by Political Affiliation
Source: KFF
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EURUSD TECHS: Trend Condition Remains Bullish
- RES 4: 1.1083 High Oct 2 2024
- RES 3: 1.1040 High Oct 4 2024
- RES 2: 1.0961 76.4% retracement of the Sep 25 ‘24 - Feb 3 bear leg
- RES 1: 1.0861/0955 High Mar 21 / 18 and the bull trigger
- PRICE: 1.0808 @ 15:50 BST Apr 1
- SUP 1: 1.0733 Low Mar 27 and a key short-term support
- SUP 2: 1.0656 50-day EMA and a short-term pivot level
- SUP 3: 1.0602 Low Mar 5
- SUP 4: 1.0548 50.0% retracement of the Feb 3 - Mar 18 bull run
The trend condition in EURUSD is bullish and recent weakness appears to have been a correction. MA studies are in a bull-mode position highlighting a dominant uptrend. 1.0733, the Mar 27 low, marks a key near-term support. A move through it would confirm a clear breach of the 20-day EMA and signal scope for a deeper correction towards the 50-day EMA at 1.0656. Key resistance and the bull trigger is 1.0955, the Mar 18 high.
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- Date $MM Issuer (Priced *, Launch #)
- 04/01 $1B *DBJ 5Y SOFR+59
- 04/01 $850M *Kommunalbanken Norway 4Y SOFR+41 (upsized from $500M)
- 04/01 $600M #Realty Income 10Y +118
- 04/01 $500M #Banco Votorantim 3Y 5.95%
- 04/01 $500M Nexa WNG 12Y +250
- 04/01 $Benchmark LPL Holdings 3Y +110, 5Y +128, 10Y +165
- 04/01 $Benchmark NRW Bank 5Y SOFR+49a
