The stock market showed continued strength on Wednesday after the House Democrats voted to pass a $1.9 trillion stimulus package with President Biden expected to sign the bill on Friday. Better-than-expected economic news also helped bullish sentiment after consumer prices increased less than expected in February, making it appear that inflation remains non-threatening to the Fed. The Russell...
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Continue reading >>The stock market closed sharply higher on Tuesday, led by a resurgence in Tech amid a decline in Treasury yields. Additionally, the U.S. House of Representatives is set to vote on Wednesday on the $1.9 trillion stimulus package the Senate advanced over the past weekend, putting the legislation on track for potential passage this week and teeing up the economy for another massive infusion of...
Continue reading >>With Biden heading to the White House, cannabis stocks are picking up a good deal of momentum including Aurora Cannabis (ACB). In addition, Biden’s pick for health and human services secretary, Xavier Becerra, who supports legalization. “Just as we allow alcohol to be sold, we’ve come into the 21st century and announced that it’s better to regulate MJ than criminalize it. The federal...
Continue reading >>The stock market showed continued volatility on Friday despite a strong employment report that came in with a better-than-expected 379,000 jobs added in February. This reaffirmed the building momentum in the economic recovery, but also causing a rise in Treasury yields and concerns over higher inflation. The major indexes rallied in the final hour of trading, shaking off earlier declines while...
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