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Deceptive Thursday, Rotational Roundabout, Biden Bits, Disparate Fed Data Plus, the efficacy rate of the still-pending Novavax Covid-19 vaccine against variants of the virus give reason for pause. Mar 12, 2021 | 07:34 AM EST Good Enough? I know you had high hopes, as did I. Who doesn t love a broad rally led by what you have been adding to? Who doesn t love record close upon record close? There were so many delicious ingredients that it all made for what seemed to be a well-balanced meal. But something was missing. Garlic? A little nutmeg? A hint of molasses? Winners beat losers as advancing volume beat declining volume quite easily at the New York Stock Exchange and in a complete rout at the Nasdaq Market Site. Eight of 11 S&P Sector Select SPDR ETFs closed in the green, led by growth as Technology (XLK) and Communications Services (XLC) tacked on 2.14% and 1.89%, respectively. The crowd (bots) piled back into the semis. Hooray. Internet stocks were co ....
Traditional Sources of Pent-Up Demand GDP estimates for 2021 keep climbing with the majority of economists expect a Roaring Twenties type of Boom kicking into gear in the second half of this year. Economists expect the successful vaccination of the majority of Americans to be completed by mid year which will unleash a torrent of pent-up demand. This concept is easy to grasp after a year of being careful, postponing vacations, not being able to enjoy frequent visits with family and friends around the dinner table, or catching a good movie and eating buttered popcorn, and spontaneously dining in at a favorite restaurant. ....