Wednesday in the charts.
Time for protection.
Weekly jobless claims rose 793,000 versus expectations of 757,000.
The January budget deficit was $163 billion versus consensus of $150 billion.
January German PPI came in at +2.1% versus the December reading of +0.6%.
Port of Long Beach has best January on record.
In a speech yesterday, Powell reiterated that economic conditions were such that QE will continue to be with us into foreseeable; PLUS, we need more fiscal stimulus. I won’t bore you with another rant; but while this may be great for the Market near term, ultimately the piper will have to be paid. Not to mention the debilitating effects QE has on economic growth.
Another strike against Fed policy.
Biden’s stimulus plan continues to take shape.
The rot is deep.
The destructive power of transfer payments.
What the future will judge.
Latest stats on the virus.
JP Morgan predicts new commodity supercycle.
How are those China crash predictions working out?
News on Stocks in Our Portfolios
T. Rowe Price declares $1.08/share quarterly dividend, 20% increase from prior dividend of $0.90.
UPS declares $1.02/share quarterly dividend, 1% increase from prior dividend of $1.01.
Hormel Foods announces it struck a deal with Kraft Heinz to acquire the Planters snack nut portfolio for
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