The warring Democratic and Republican camps have floated a generous child tax break and ending taxes on Social Security, among other proposals.
The latest read from the Bureau of Labor Statistics shows muted gains in producer prices, supporting hopes of a September cut.
BofA survey also shows continued expectation of a soft landing for US.
It all depends on OPEC+ plan to hike supplies.
Investment firm is under SEC investigation.
What seemed like a shining opportunity for small caps was short-lived as macro fears and turbulence swept over investors.
S&P 500 seen to stay range-bound as seasonal weakness and Fed fears start to creep in.
Small rise in US inflation data expected this week.
Fixed income is helping offset dips for equities, at least for now.
Concern about world's second largest economy heightened.
