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Showing posts from January, 2021
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  MARKET FOCUS: STIMULUS, SERVICE SECTOR, AND BLOCKBUSTER HOME SALES Stocks opened lower this morning after generally unchanged yesterday.  Investors are pausing to get more specifics from the Biden administration. Equity markets will love the increased spending, but how much love is where markets are today. Biden wants a $1.9 trillion stimulus package to shorten the economic decline.  Most world leaders are taking a more conservative outlook. Hopes that activity can return to normal in the hardest-hit economies are becoming increasingly distant despite the progress being made on vaccinations. U.K. Prime Minister Boris Johnson signaled that the country's current lockdown could last until the summer while officials there have suggested paying people who test positive for the virus to stay at home. German Chancellor Angela Merkel said it would be late September before everyone who wants to get vaccinated can get a shot. Anger is rising across Europe as the supply of Pfizer vaccines s