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Are in the markets for the second day in a row, weve had a nice rally in the open thats faded as we go into the close. This is part of that fading on the optimism of the reopening story here so banks have been weaker, retailers generally have been weaker, but still up fractionally, because the big five, the mega cap tech stocks are on the upside. We were talking about guidance, and once again, a number of the companies today pulled their guidance papa johns, mattel, office depot, genuine parts company, equity residential, Waste Management they join 170 other companies, that is one third of the ap 500 that has declined to give guidance and this is one of the reasons were seeing so much stock volatility how do you figure out what the right prices and multiples are when you dont have any idea what the earnings situation is going to be like we also have problems with dividends. Many companies are cutting their dividends as well, or ....
You know its been a tough day in the markets when we bust out prince yep, investors were crying as the brandnew fed chairman, Jerome Powell testified before the House Financial Services committee for the first time in his new role and sounded hawkish than they were expecting sent the dow down 300 points steve. Cant get over the prince reference. Respect. Very cool. Heres the question will powell be singing a different do you know on thursday you know, thats possible fed chair j powell was doing just fine in the testimony until congresswoman maloney asked him what would change the rate hike forecast from three to four. He started by saying a strong economy. And heres what he continued with we have seen fiscal policy become more system you lative. I think each of us is going to be taking the developments since the december meeting in and the writing down our new rate p ....
At the height of the COVID-19 pandemic, residents of Landis Homes would line a roadway into the Lititz campus on Friday afternoons, cheering on the retirement communityâs workers with signs and noisemakers as they left or arrived for work. When the campus resident council suggested a more permanent show of appreciation, Landis Homes residents donated over $10,000 toward a Garden of Gratitude, a new park on two-thirds of an acre featuring walkways, greenery and a gazebo offering views of surrounding farmland. Not every retirement community has such a tangible symbol of gratitude, but many share the sentiment. âThe pandemic has brought out an appreciation of how good we had it before and has been a reminder of how important community and family are,â says Jonathan Hollinger, CEO of Pleasant View Communities. ....