Although they didn’t announce some new robust stimulus program, their absolute and total commitment to highly-accommodative monetary policy until the economy recovers fully was exactly the reassurance risk assets needed.The Dow and Russell 2000 each set a record high early before markets broadly retreated on news that New York City could go into a full lockdown if Covid-19 cases continue to rise.Bullish tailwinds are coming from a path forward in Washington, the FDA granting Emergency Use Authorization to Pfizer’s vaccine late Friday, and an extension to Brexit talks.Markets are enjoying the reinvigoration of Covid-19 aid talks in Washington, despite the price tag being slashed in half.Developments in Washington will certainly play an integral role in today’s tape as the December 11th budget deadline looms. Other than a continued rise in Covid-19 cases, the 2 major factors driving USD are fiscal stimulus and Brexit. Markets are enjoying the reinvigoration of Covid-19 aid talks in Washington, despite the price tag being slashed in half.Although we’re upbeat that the market broadly and certainly finds the path of least resistance higher across the board, the move in and of itself has left the Dow and Russell 2000 a step behind.A slow-developing, yet constant flow of vaccine news continues to lift stocks just as a glimmer of exhaustion may look to set in. Today’s tailwinds have the S&P testing its record high.U.S. benchmarks have battled through the ‘Covid-19 anti-gathering Thanksgiving narrative’ and are all generally holding within 1% of their respective all-time highs.