Shesa's JULY 2021 Investment Blog
JULY 2021 - INVESTMENT BLOG By Shesa Nayak U.S. Stock Market Update All the U.S stock indexes DOW, S&P500 and NASDAQ have hit all-time record high. We saw a minor pullback in the last few days, but possibly we may see some bounce soon. Why? Because second quarter earnings season has just kicked-off and Q2 is expected to be a phenomenal quarter as earnings and revenue growth are anticipated to be the highest since the great recession of 2008. The corporate America is projected to report humongous 61.9% profit growth and 19.4% revenue growth during the 2nd quarter. Many Banks and financial institutions reported solid results last week. As we know, revenue and earnings are the key parameters for stock market performance. Meanwhile, discussions are in progress for infrastructure and spending bill. According to Senate Majority Leader Chuck Schumer he has put Wednesday deadlines for the bipartisan $1.2 trillion infrastructure ...