Surprise! Much of the Stimulus Money Went into Savings Accounts, Yet the Consumer Keep Spending

Surprise! Much of the Stimulus Money Went into Savings Accounts, Yet the Consumer Keep Spending

#consumer #stimulus #retail #spending #Fed #PresidentTrump $DIA $SPY $QQQ $RUTX $VXX “Surprise, consumers saved 36% of their stimulus checks and kept on spending.” –Paul Ebeling As emergency aid/relief/stimulus programs for American consumers expired The People kept spending. Friday’s September retail sales report confirmed it. The government data told us that consumers put much of their stimulus money away and have recently […]

Stock Market’s ‘Virus War’ Rout is Probably Past Its Worst

Stock Market’s ‘Virus War’ Rout is Probably Past Its Worst

$JPM $SPY Over the weekend, strategists at JPMorgan Chase & Co. (NYSE:JPM) concluded that most risk assets including stocks and credit have marked their low points in this Virus War frame that has gripped economies around the world. Conditions that JPMorgan had set for market stabilization and revival have largely been met, with recession-like pricing, […]

“We have an enormous fiscal plan. It is at least $800 billion and maybe more”

“We have an enormous fiscal plan. It is at least $800 billion and maybe more”

The United States could pump $800-B or more into the economy to minimize damage from the coronavirus outbreak if Congress passes a payroll tax holiday through year end, White House economic adviser Larry Kudlow said Monday. “We have an enormous fiscal plan. It’s at least $800 billion and maybe more,” Mr. Kudlow told reporters, totaling up actions already taken […]