April 23, 2021 After a brief selloff on Thursday following news that the Biden administration will seek to nearly double the capital gains tax on the “wealthy”, stocks rebounded strongly on Friday on the belief that getting unanimous support from Democrats in the Senate to do so could be difficult. The move higher came as…
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April 16, 2021 Records continue to be broken with the Q1 2021 earnings season commencing this week. Financial giants Goldman Sachs and JPMorgan led the way with better-than-expected results. Strong performance in equities trading, investment banking, and the releasing of reserves that had previously been set aside for potential bad debt during the pandemic allowed…
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April 9th, 2021 Markets kicked the second quarter off on a high note with the S&P 500 index hitting another all-time high on Friday. Growth stocks outpaced value stocks as the 10-year U.S. treasury yield retreated to 1.66%, down from a recent high of 1.75%, and on continued optimism for the U.S. post-Covid economic recovery….
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