Hang on to Your Hats

April 30, 2021 At 6.4%, GDP growth in the first quarter was about in line with expectations.  But three things were not anticipated.  First, the demand side of the economy was turbocharged.  Essentially, the government primed the pump with two rounds of checks to...

S&P 500 Stock Prices

April 13, 2021 The corona virus wreaked havoc on stock prices in February and March.  After hitting a high of 3,380 in mid-February the market plunged by,1000 points or 32% in five weeks to a low of 2,304 in mid-March. But then the government passed a $3.0 trillion of...