Another HUGE week of earnings is on tap with more than a quarter of S&P 500 companies due to report, including reports from Alibaba & GM Economic reports due out include updates on construction spending, factory orders, durable goods and JULY Employment. I will update you! 🙂
Stocks posted modest losses Friday, with Amazon dropping the most in more than a year after reporting its first quarterly revenue miss in 3 years and providing disappointing guidance.But the major averages wrapped up a solid month, even as volatility has increased due to COVID.
The S&P 500 ended July with a solid gain, its 6th consecutive monthly gain. IF that does not convince you that we remain in a secular bull market, remember that we are in the historically weakest portion of the calendar year for stock market performance. Stay encouraged!
Thursday, President Biden announced they would dip into some of the cash to get folks to take the vaccine jab. I’m not sure $100 will do the trick, but if you’re unvaccinated & need a quick C-note, you don’t have to call your brother-in-law. Sheesh. Paying people to get healthy??
The Fed has created an infinite loop with the Fed government engaged in a real-life experiment that allows unbridled government deficit spending. The result is massive debt and interest rates that must be paid at low-interest rates (see Japan). THIS is what I am watching 3&4Q21.
S&P 500 earnings continue to blow the roof off the record book. This is great news but has invited talk of "are we at peak earnings?!?" Yep, there is always something to complain https://buff.ly/2Vhqpj8 know my mantra: we remain in a secular bull market. https://buff.ly/3i9sir0