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U.S. stocks suffer worst weekly drop since October


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Stocks on Wall Street tumbled Friday. The three major indexes suffered their worst weekly declines since October as frenzied trading in heavily shorted stocks hurt investor sentiment.
The Dow, S&P 500 and Nasdaq ended Friday roughly 2% lower. For the week, the three indexes each dropped more than 3%. For the month, the Dow & S&P finished in the red.
ClearBridge Investments investment strategist Jeffrey Schulze says the indexes could pull back up to 10% because market sentiment is overly bullish.
We thought that positioning was pretty stretched as we came into January. Optimism was off the charts, put-call ratios were at levels last seen in 20 years. You also had record margin positioning. There is a lot of optimism in all of the investor sentiment surveys, so I think the market was due for a bit of a breather, little bit of a consolidation. ....

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Lawmakers hear optimistic outlook for New Hampshire's economy, with caveats


NH Business Review
But amid hopeful forecasts come warnings of inequitable recovery
January 21, 2021
Photo by Paula Tracy/InDepthNH.org
State budget writers heard optimism over future growth from experts, but also concerns low wage growth among the middle and lower classes and housing affordability may slow the expansion.
The members of the state House and Senate Ways and Means Committees heard two days of testimony as they begin determining how much money the state may spend in the next biennium.
The lawmakers heard how the state budget is faring in the current fiscal year; about economic trends, projections and concerns; local business health, and other local and federal impacts influencing state revenue over the next two fiscal years. ....

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Optimistic Outlook For New Hampshire Economy — With Caveats


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The members of the state House and Senate ways and means committees heard two days of testimony as they begin determining how much money the state may spend in the next biennium.
The lawmakers heard how the state budget is faring in the current fiscal year; about economic trends, projections, and concerns; local business health, and other local and federal impacts influencing state revenue over the next two fiscal years.
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The presentations were the first step for the two revenue-raising committees in developing the next biennium s budget.
Budget work will rev up once Gov. Chris Sununu presents his budget proposal Feb. 15. ....

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Biden toma el relevo a Trump. ¿Cómo se encuentran economía y mercados?

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yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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