The US economy had the first contraction since early in the pandemic shrining 1.4% in the first quarter after it was expected to grow 1.1%. The decline in U.S. gross domestic product was a sharp reversal from the 6.9% annual growth rate in the fourth quarter, the Commerce Department said Thursday. The drop in GDP was fueled by a widening trade deficit. Fading government stimulus spending related to the pandemic weighed on GDP. USA Advance Q1 2022 GDP highlights The … Continue reading “Dismal US Q1 GDP Shrank 1.4% vs +1.1% expected”
The Blue-Chip S&P 500 index clocked 70 fresh record highs in 2021. Trailing only 1995 with 77 closing highs. The ‘Spoos’ was the biggest US Index winner, gaining 26.9% following the SPX gaining 16% in 2020. The ES was powered by mega-caps Apple (AAPL), Microsoft (MSFT), Alphabet (GOOG), Meta Platforms (FB), Tesla (TSLA), and NVIDIA (NVDA). Risk takers pushed the Standard & Powers 500 index to fresh all times highs in 2021 as vaccine optimism and the prospects of further fiscal stimulus in the US fueled … Continue reading “S&P 500 Nabbed 70 Record Highs in 2021 Fueled by Mega-Caps Apple and Microsoft”
The technology laden Nasdaq-100 rose 26.6% in 2021, on the heels of the massive 47.6% in 2020. Powered by new technology such as Lucid up 280%, Biotechs such as Moderna up 143%. Stay at Home stock reversed this year. Peloton was this year’s biggest loser, down -76.43 after being up 434% in 2020. The Nadaq-100 Index includes the largest 100 non-financial stocks by market cap in the full Nasdaq Composite Index It includes Chinese companies that aren’t included in the … Continue reading “The Nasdaq 100 Soared 26.6% in 2021 Powered by Lucid and Moderna”
The Blue-Chip Dow Jones Index closed near record highs on the last day of 2021 up 18.7% on the year, after gaining 7.1% in 2020. Home Depot and Microsoft led the Dow this year, with both surging over 50%. Massive Fed and fiscal stimulus coupled with vaccine optimism and the prospects of further fiscal stimulus in the US fueled no fear risk taking on steroids. The Dow was down over -36% at the March 2020 low. Risk takers pushed … Continue reading “The Dow Finished Up 18.7% in 2021 Led by Home Depot and Microsoft”
The US economy grew by a robust annualized 6.4 percent in the first quarter of 2021, following a 4.3 percent expansion in the previous three-month period and slightly ahead market expectations of 6.1 percent, the advance estimate showed. The bounce back comes with stimulus payments and reopening activity catalyzed by the COVID vaccines.
Danaher is a name not often linked to the Coronavirus vaccine industry. In fact DHR has been entrenched in the development of COVID-19 vaccines and therapeutics through its $21.4 bln acquisition of Cytiva last March and raised its Q1 guidance to the high end.
The Blue Chip Dow Jones Index closed at record highs on the last day of 2020 up 7.1% on the year, as massive Fed and fiscal stimulus coupled with vaccine optimism and the prospects of further fiscal stimulus in the US fueled no fear risk taking on steroids. The Dow was down over -36% at the March low
The Blue Chip S&P 500 index clocked fresh record highs on the last day of 2020 up 24 points or 0.6% to 3756 with the SPX up 16% for the year. Vaccine optimism, prospects of further fiscal stimulus fueled by easy money and no fear fueled the speculation.
The technology laden Nasdaq-100 rose a massive 47.6% in 2020 and the full Nasdaq Composite Index up 43.7%. powered by new technogy such as Tesla up 743%, Biotechs such as Moderna up 434% and Stay at Home stocks such as Peloton up 434% and Zoom Video up 396%