, paving the way for Disneyland to reopen on a limited basis in April. American Airlines jumped 4%, while United Airlines popped 6%. Target rose 2.7%
"We see higher rates largely as a function of earlier and stronger than expected economic recovery and supportive of our positive equity outlook," Dubravko Lakos-Bujas, JPMorgan's chief U.S. equity strategist, said in a note. Amid rising rates, investors rotated into names tied to an economic reopening in recent weeks, while dumping high-flying tech shares. For March, the Dow Industrials, leveraged more to the reopening, is up 2.5%, while the Nasdaq Composite is off by 1.6%. Meanwhile, the broader S&P 500 is up 1.3%. The S&P 500 remains less than 3% from an all-time high.
The recent divergence between tech and cyclical plays shows that the bullish story remains intact, according to Mike Wilson, the chief U.S. equity strategist at Morgan Stanley. "The bull market continues to be under the hood, with value and cyclicals leading the way. Growth stocks can rejoin the party once the valuation correction and repositioning is finished," Wilson said.
Jkylebass Dang , there's still a middle class ?
Jkylebass Ah good ol capitalism, and when it plays out even a billion will not get it , welcome to oligarchs and lawyers, guns and money
Jkylebass The US has spent more than we produced for decades. At the personal level, many Americans have done the same, running up debts and credit cards. Yes, wealth disparity is severe, but so is “living beyond our means.” The music is ending, so grab a seat now while you can.
Jkylebass Look at India. And we're supposed to be a developing nation.
Jkylebass That's true. The national average for house is now 320,000 that requires an income of over 85,000 year.
Jkylebass Yep, America has become the land of the Haves vs. the Never Will Haves! The elite may have overplayed their hand & I await a, 'let them eat cake moment', spark to set things off. Possibly coincide with the planned & soon to be necessary reset? We'll soon see, eh?
Jkylebass Rob Reiner
Jkylebass Robert Reich
Jkylebass The key is to restrict foreign buyers and tax those who own single-family income property. Devalue the assets and make them more affordable for this generation
Jkylebass What! Not more insurrection
Jkylebass Lol federalreserve stop printing money
Jkylebass Rock_Rogers lol so nothing ever really changes. Trump was sent by God to make the world's average citizens prosperous and voters/fraudsters/devils got their way because folks and real leaders failed God.
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Jkylebass yes, honest work does not pay all that well
Jkylebass Those entering job market this decade won’t be able to afford single family homes. Guessing will see apartment boom everywhere.
Jkylebass One correction: we’ve been in military conflicts for 20 years now. Our military spending is off the charts. Start there. There is an awful lot of wasteful spending in DC. But there are several factors working against the MC.
Jkylebass Been happening since the beginning of time.
Jkylebass Shut up
Jkylebass Mission Accomplished .
Jkylebass The Germans have a high savings rate & it leads to a trade surplus which helps the working class. The US can do this. Savings-Investment=Exports-Imports
Jkylebass The Germans are big savers. The US needs to be to help the working class by increasing exports.
Jkylebass Bitcoin Now
Jkylebass Shutting down the country was the final act that destroyed America: 911 to Jan 6 were the body blows, Dem china virus lockdowns and importation of CCP-style communism was the coup de grace.
Jkylebass Market is missing Trump tweets. It looks like Trump’s hydrogen fuel was less powerful than Hydrogen fuel. One day Powell, other day some Hedge Fund guy. Really interesting to see markets just going high and high. Looks like that’s why Elon Musk sold homes and bought BTC n shrs
Jkylebass Imagine your perfect utopian world...now tell me in that world who is cleaning hotel bathrooms, working at supermarkets or tarring roofs. Little secret, the world is rigged to make people think change is possible and equality real. Sadly the world requires people to stay poor
Jkylebass Stimulus = elites socialism
Jkylebass Well that’s depressing
Jkylebass
Jkylebass Bitcoin is a scam.
Jkylebass Another $1.9trn in stimulus. Most of the money will probably end up in Far East Pres Biden potus. Have you noticed that China would like normal relations with us but they never seem to do anything for western suppliers. EG, buying more from the West would help a lot Pres. Xi.
Jkylebass Tax. The. Hell. Out. Of. The. Rich. EatTheRich
Jkylebass Wilhelmdenni my investments With him has been so profitable and I would love to recommend him to everyone who is interested in boosting up their financial situation Wilhelmdenni
Jkylebass Could andrewrsorkin JoeSquawk BeckyQuick explore (one of these days) to what extent the UniversalBasicIncome (or some other solution) would address this problem? SquawkCNBC AndrewYang BernieSanders SenWarren AOC
Jkylebass Nothing benefits the ultra-rich more than regulation. They can afford the army of compliance lawyers, while everyone else loses time and profit margin to deal with the extra admin burden.
Jkylebass According to StephanieKelton this is 'economic zombie talk'
Jkylebass You know. Food stamps, state cellphones, government subsidized living situations it is. It sounds to me like the State is gonna be the future of government. That is the only way this may work.
Jkylebass Bitcoin is your insurance for this scenario
Jkylebass Just the way Republicans and Democrats want it.
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Jkylebass So as it always has been and always will be
Jkylebass Which is why good fiscal economic policy is important; to level the playing field and provide UBI so people can be entrepreneurs rather than corporate slaves.
Jkylebass So the gap between the rich and the poor is getting wider, it will be a little bigger than the Marian Trench
Jkylebass He's not wrong