Stock Market

by Lance Roberts Recently, the March jobs report showed a whopping 916,000 new jobs. Interestingly, there were some anomalies in the data and millions missing from the official count. As shown, there has been a substantial reduction in the unemployment rate back to 6%. Historically, an unemployment rate of 5% was considered “full employment.” However, for the
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Business-to-business rental company McGrath RentCorp has acquired Kitchens To Go. The latter provides modular solutions to food service providers that need flexible facilities. McGrath RentCorp (MGRC) President and CEO Joe Hanna said, “Our acquisition of Kitchens To Go is highly complementary to our modular building rental business. As we expand our ability to provide solutions
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In my decade forecast, I projected that in the next recession that the deficit would climb to over $2 trillion. Clearly, that demonstrates I am an optimist. Here’s a chart I shared back in January. SOURCE: CONGRESSIONAL BUDGET OFFICE Between reduced tax revenues and increased spending, I now expect this year’s deficit will be at least
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For gene sequencing company Pacific Biosciences (PACB), also known as PacBio, regulators’ refusal to allow Illumina (ILMN) to buy the company may have been a blessing in disguise. Since Illumina abandoned its bid early in 2020, PacBio has changed up its senior management team, secured its funding needs from SoftBank Group (SFTBF), announced a major
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by confoundedinterest17 The Biden epic spending spree and The Federal Reserve’s epic money printing has resulted in a host of outcomes. First, cryptocurrency Bitcoin finally hit $61,000 today before backing-off. The massive increase in The Fed’s money printing (M2) has stimulated stock market growth (S&P500) along with cryptocurrencies Bitcoin and Ethereum. The out-of-control money printing has
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by confoundedinterest17 Friday’s Purchase Price Index Final Demand YoY came in hotter than expected (4.2% YoY compared to an expectation of 3.8% YoY). Economists surveyed by Bloomberg are forecasting a 2.5% YoY for CPI to be released on Monday morning. But it is difficult to forecast the CPI YoY figure given that consumers are projected
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From Birch Gold Group It’s been a little while since we examined China’s aim to weaken the dollar through forming its own state-controlled digital currency (also called cryptocurrency). But now it appears that China is moving forward with its own central bank digital currency (CBDC), per the Wall Street Journal. That move could have global implications: A thousand years ago,
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by Charles Hugh-Smith The lesson of China’s Cultural Revolution in my view is that once the lid blows off, everything that was linear (predictable) goes non-linear (unpredictable). There is a whiff of unease in the air as beneath the cheery veneer of free money for almost everyone, inequality and polarization are rapidly consuming what’s left of common ground in
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J.P. Morgan analyst Stephen Tusa has taken a look at President Biden’s infrastructure plan, and more specifically, how it affects General Electric’s (GE) power-related businesses. The analyst says the extension of PTC (production tax credits) represents an overall positive for onshore wind. However, with an extension of the ITC (investment tax credits) and its expansion
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by confoundedinterest17 Thanks a boatload Joe Biden, Janet Yellen and Jerry Powell. Low-income Americans bore the brunt of job losses when the pandemic arrived. Now they’re getting hit hardest by price increases as the economy recovers. The headline consumer inflation rate in the U.S. remains subdued, at 1.7% — but it masks large differences in what
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In a recent review of the market’s current conditions, JPMorgan strategist Eduardo Lecubarri recaps his view that 2021 will see modest gains across stocks generally – but outperformance among the small/mid-cap sector. Lecubarri believes that investors can find opportunities for big upside among stocks in that class. Driving the general stocks gains, Lecubarri points to
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