The tsunami wave of monetary and fiscal profligacy combined with an orgy of optimism about vaccinations and a post-COVID world, have sparked the broadest rally in the underlying components of the S&P 500 in history. (487 names on the S&P 500 Index have climbed above their 200-day moving average)
Source: Bloomberg
But it was Small Caps that dominated today (after collapsing yesterday). Nasdaq lagged but all the US majors were higher and thelast 30 mins saw the ubiquitous buying panic..
Interestin .
One of the men who died in the fiery Houston Tesla wreck that we have been reporting on over the last few days has been identified as 59-year-old Dr. William Varner.
by Tyler Durden
Wednesday, Apr 21, 2021 - 03:36 PM
One doesn t have to go too far - a trip to the local gas station, grocery store, or restaurant should suffice - to observe how soaring commodity prices and other costs are bleeding through to the consumer. And it s only going to get worse: Procter & Gamble, Kimberly-Clark and Coca-Cola have publicly discussed lifting prices, citing rising commodity costs and manufacturing expenses. P&G and Kimberly-Clark’s higher price tags for everyday items like toilet paper and tampons are the first in about two years, as the trade war unfolded, further adding pressure on raw materials.