Just because the Big Beautiful Bill passed does not mean it’s big, nor beautiful. Just ask the Republican lawmakers who hated it, said they would not support it, and then, after a call from their boss, snapped into submission with a panic-stricken “aye!”

“What they did to our bill was unconscionable,” said South Carolina GOP Rep. Ralph Norman. “I’ll vote against it here, and I’ll vote against it on the floor,” he declared — before voting for it on the floor.

“You’re going to hear a lot about the tax cuts, but the deficit? Nobody is talking about the deficit. Nobody!” complained Texas GOP Rep. Keith Self. “We cannot saddle our children and our grandchildren with an exploding national debt,” he said — before saddling his children and grandchildren with his yea vote.

“Do I like this bill? No,” grumbled Alaska GOP Sen. Lisa Murkowski. “I know, I know, that in many parts of the country, there are Americans that are not going to be advantaged by this bill,” she warned — before voting to disadvantage Americans. (See video below, posted by Aaron Rupar.)

And why did the MAGA holdouts crumble after posing as principled lawmakers? According to The Hill, Trump called them early Thursday morning and bullied them into obedience. For example, “During the conversation, Massie — who has been at odds with Trump over the megabill for weeks — suggested he was ready to drop his opposition and support the rule if Trump stops attacking him.” Fear tactics always work in a totalitarian regime.

Previously: Dictator Trump declares it’s “illegal” to criticize him the way CNN does (video)

Fundstrat’s head of research Tom Lee says the stock market is in the midst of a “most hated” rally, with skeptical investors clinging to reasons why the market should fall.

In a new update, Lee says he believes the current surge, which lifted the S&P 500 by 17% from recent lows to within 3% of an all-time high, reflects a powerful but underappreciated rally.

“Part of this [bearish sentiment] is understandable. We had a black swan event on post-tariff liberation day, meaning an unexpected event, and we had a 20% fall in stocks in a very short period of time.”

As for what’s coming next, Lee points to historical patterns where doubt after a market dump led to major rallies.

“When stocks began to rally after March of 2020, many fund managers said we’re still in a bear market.

And recall in the fall of 2022 after the markets made its low in October of 2022, a lot of investors were saying that this was just another bear market rally and investors are about to make a mistake…

But here’s the reality – investors flip bullish as soon as you make an all-time high. So in other words, investors generally fight after a decline. They’ll fight the rally until you make a new all-time high. At a new high, they turn they turn around and become bullish and I think that that’s going to happen as soon as markets make a new all-time high.”

Lee says Bitcoin’s recent all-time high above $111,000 is another leading indicator for the S&P, because Bitcoin peaked about a month before the S&P did and they’re both tracking increased global liquidity.

As for Moody’s downgrade of US government debt from AAA to AA1, Lee says he doubts it’s a negative signal for markets, noting that S&P first downgraded the US in 2011 and Fitch followed in 2023.

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