U.S. President Joe Biden's massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs.
Investors also are set to get a snapshot of how companies are performing a year after the onset of the pandemic when corporate earnings kick off in earnest in mid-April. Coupled with Biden's recently enacted US$1.9 trillion coronavirus relief package, the infrastructure initiative would give the federal government a bigger role in the U.S. economy than it has had in generations. The initial plan calls for spending on everything from roads and bridges to broadband and elderly care, and he may unveil another spending package in April.
"From a market perspective, that cyclical/value area that has been working should have another leg in the second quarter as we see things like this infrastructure package maybe add some more fuel," said Anthony Saglimbene, global market strategist at Ameriprise. "The market has digested the initial news very well...," Todd said."My concern is potentially the next round may be more expansive on the tax front than people are expecting."
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
स्रोत: ChannelNewsAsia - 🏆 6. / 66 और पढो »