Joe Capitalist
Racism is a disease
Major economies are roaring back
Effective vaccines, record government support and pent-up demand are fueling a historic turnaround for the global economy. The pace of growth caused the International Monetary Fund to more than double its 2021 U.S. GDP estimate to 6.4%.
American consumers, many sitting on a cash stash, are ready to take that long-delayed vacation or simply go out to dinner. And U.S. companies are using cash on their balance sheets to innovate and adapt their businesses.
Operating earnings for 2021 are expected to come in 14% higher than analysts were forecasting at the start of January, and the S&P is up 16%. Higher 2021 profits seem to explain higher stock prices almost perfectly.
“We think the market still has room to go up this year, and the reason for that is that the factors that have been driving it are still in place.”
God bless President Biden!
Effective vaccines, record government support and pent-up demand are fueling a historic turnaround for the global economy. The pace of growth caused the International Monetary Fund to more than double its 2021 U.S. GDP estimate to 6.4%.
American consumers, many sitting on a cash stash, are ready to take that long-delayed vacation or simply go out to dinner. And U.S. companies are using cash on their balance sheets to innovate and adapt their businesses.
Operating earnings for 2021 are expected to come in 14% higher than analysts were forecasting at the start of January, and the S&P is up 16%. Higher 2021 profits seem to explain higher stock prices almost perfectly.
“We think the market still has room to go up this year, and the reason for that is that the factors that have been driving it are still in place.”
God bless President Biden!
