SPY QQQ DIA 2022 Forecast: Where Is the US Market Headed in a Year?
2021 was another great year for American equities. The S&P 500 index rose by about 27%, while the Dow Jones rose by about 20%. The tech-heavy Nasdaq 100 index climbed…
US Personal Incomes Jump 1.1% on Higher Compensation and Social Benefits
(BEA) Personal incomes in the US rose by 1.1% or $225.9 billion in July from June as workers enjoyed higher compensation and government social benefits. Disposable personal income rose 1.1%…
Wall Street to Bypass Washington in High-level Talks with Beijing
(Bloomberg) A group of Wall Street business leaders is planning high-level meetings with officials drawn from the Chinese government amid strained relations with Washington. The meetings are set to discuss…
U.S. Business Groups Want Biden’s Administration to Renegotiate US-China Trade Deal
(WSJ) Over thirty US business groups are asking Biden’s administration to renegotiate the 2020 Phase One Trade Pact with China and reduce import tariffs. The business groups say that China…
US Trade Deficit Widens Further by 6.7% as Imports Surge More than Exports
(Census Bureau) US importation of goods and services increased by 2.1% in June to $283.4 billion, pushing overall trade deficits up by 6.7% to $75.7 billion. Exports rose by a…
Philadelphia’s Manufacturing Remain Elevated Despite Index Slip to 21.9 in July
(Federal Reserve Bank of Philadelphia) The diffusion index gauging manufacturing activity in Philadelphia fell to a reading of 21.9 in July from 30.7 in June as activity eased. Firms reported…
U.S. Consumer Confidence Index Jumps Again to Hit 121.7 in April
U.S. consumer confidence index reached 121.7 in April, up from 109.0 in March, according to the Conference Board press release. The index is now at the highest level since February…
Yellen Urges Lawmakers to ‘Act Big’ to Save the Economy, Worry About Debts Later
Biden's New Treasury secretary nominee Janet Yellen urged lawmakers on Tuesday to 'act big" on coronavirus relief spending, reports Reuters. Yellen says the economic benefits of higher spending outweigh the…
Joe Biden’s Projected $2 Trillion Stimulus Package Triggers Treasuries Sell Off
U.S Treasury prices fell on Thursday after President-elect Joe Biden move forward with a $2 trillion stimulus bill. The yield on the 10-year Treasury note, which moves inversely to its…
Pelosi Narrowly Re-Elected as House Speaker Despite Political Uncertainty
Nancy Pelosi was re-elected speaker of the U.S House of Representatives on Sunday by a 216-209 margin as the new Congress took office, according to Reuters. Her re-election comes when…
Chaotic Year Prompts Investors to Rethink Role of Bonds, Tech, and ESG
Investors doubt whether developed-market government bonds can continue providing both protection and diversification after a turbulent year, according to Bloomberg. Fears are imminent as investors face lower-for-longer rates despite growth…
Trump Vetoes $740 Billion Defense Bill, Breaks with Republican-led Senate
President Donald Trump on Wednesday vetoed a colossal defense bill that authorizes a topline of $740 billion in spending and outlines Pentagon policy, according to CNBC. Trump said the Act…
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