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Wednesday, June 23, 2021
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Americans Should Expect Higher Service Sector Prices post-VirusCasedemic

#economy #prices #service #VirusCasedemic

$DIA $SPY $QQQ $RUTX $VXX

America’s economy is not going back to normal post-VirusCasedemic, as economists predict higher prices and fewer options when it comes to dining out or going to see a film at the cinema.

The entertainment and service industries were among some of the hardest hit sectors by the virus chaos.

Shut downs, stay-at-home orders, mask mandates, and social distancing requirements forced many service-oriented businesses to close for extended periods of time and retool their businesses to follow local rules when they could reopen.

In many states, businesses owners in the hospitality sector are still facing restrictions. But as the vaccine rollout continues and infection rates fade, economists are expecting a strong Summer. But 1 thing is clear: higher prices from the entertainment industry, restaurants and other parts of the economy are here to stay.

Thursday, the benchmark US stock market indexes finished at: DJIA -345.95 to 30924.14, NAS Comp -274.28 to 12723.49, S&P 500 -51.25 to 3768.47

Volume: Trade on the NYSE came in at 1.5-B/shares exchanged.

HeffX-LTN’s overall technical outlook for the major US stock market indexes is now Neutral with a Bullish bias.

  • Russell 2000 +8.7% YTD
  • DJIA +1.0% YTD
  • S&P 500 +0.3% YTD
  • NAS Comp -1.3% YTD

Looking Ahead: Investors will receive the Employment Situation Report (NFPs) for February, the Trade Balance for January, and Consumer Credit for January, Friday.

Have a healthy day, Keep the Faith!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

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