Global stocks jumped on Tuesday after the US Federal Reserve declared fresh economic stimulus measures and on reports that the Trump administration may be working on a $1 trillion infrastructure proposal fund to boost the US economy.
Trump’s proposal aims to set aside funds for infrastructure such as roads and bridges, but part of the funding would also be directed towards 5G wireless infrastructure and rural broadband, according to Bloomberg.
As markets were just beginning to weigh the prospect of another prolonged sell-off amid fears of a second coronavirus wave, talk of a $1 trillion infrastructure plan has “put a rocket under stocks again,” Russ Mould, investment director at AJ Bell, said.
The central bank said on Monday it would begin buying a “broad and diversified portfolio” of individual corporate bonds of up to $250 billion to support liquidity and credit for large employers.
I thought the main driver was retail sales being up for May, significantly. The article has month over month data, where compared to the year ago month would also be important. Electronics section was up 50%!
No one has been through this exact situation, so it's all a matter of when the economy gets back to around where it was. Spending and jobs! Some section are pretty trailing (IGT), but direct retail seems to adjust jobs quickly, though manufacturing can lag a little.
OTOH, not all places react quickly. We've been dealing with Interactive Brokers for months on an estate issue. They only have 2 employees in that department, and have been swamped for months. I would think that would be more than enough time to move someone over or hire someone, even if they are just an assistant who helps streamline things for the pair. Instead, we sit with false hope that maybe today someone will get back to our various calls, messages, and emails.
We have the choice to build this board up, or tear it down. Make the right choice, or don't post here.
To All: Please remember to keep non-Apple SPECIFIC political stuff out of the daily thread. Post it over in the Dungeon, if you really want to discuss it with others on the AAPL Finance Board.
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5