Incredibly, the COVID recession may have ended a year ago, but we still don’t have a call from the National Bureau of Economic Research (NBER). That may change when the first estimate of Q1 2021 gross domestic product (GDP) growth is released. The Q1 numbers are likely to show nearly a full year of strong growth now behind us following the dramatic slowdown of the US economy in March and April 2020 due to efforts to contain the COVID-19 pandemic.
Every four years, Washington D.C. and Wall Street converge as Americans elect a president and Wall Street tries to figure out what the outcome means for the stock and bond markets. And since so many hypotheses on this topic abound, it’s hard to keep track of them all.
“Price is what you pay; value is what you get.” – Legendary value investor Ben Graham.
It’s early in the morning, still dark outside and your alarm sounds. At this point, it would be so easy to hit the snooze button and roll back over. It feels like you just went to bed. You think to yourself how much you could use a few more minutes of sleep. Instead, you decide to rise and shine and get moving. Within a few minutes, you’re into your exercise routine.
The United States, and the rest of the world, are looking to emerge from the shadow of COVID-19, and business conditions may already have put the pandemic in the rear-view mirror—at least according to the monthly business surveys conducted by the Institute of Supply Management (ISM). The ISM Manufacturing PMI surged to 64.7 in March versus 60.8 a month prior (index levels above 50 indicate expansion) and above all but one of the Bloomberg consensus survey estimates.
Please use the following list of items to prepare for filing your personal income tax return.