Shesa's MAY - JUNE 2021 Investment Blog
MAY - JUNE 2021 INVESTMENT BLOG By Shesa Nayak WISHING ALL MY READERS a VERY HAPPY MEMORIAL DAY!! U.S. Stock Market Update First quarter Earnings season is almost over. So far, 95% of the S&P 500 companies have reported earnings with an earnings growth of whooping 51.9%, making it the best quarter since 2010. Last Friday, the White House sent Congress a $6 trillion budget plan that would ramp up spending on infrastructure, education and combating climate change, arguing it makes good fiscal sense to invest now, when the cost of borrowing is cheap, and reduce deficits later. On infrastructure front, senate Majority Leader Chuck Schumer said that Democrats will work to craft an infrastructure bill in June, with or wi thout Republican support. The Biden administration had first put forward a $2.3 trillion infrastructure plan, but republican came back with a $928 billion counteroffer. Subsequently, Democrats ha...