Headlines discussed at LNWM’s Monday morning briefing:
— President Biden and bipartisan Senate group agreed to $560 billion in new infrastructure spending (mostly for road and bridges) but not on the funding.
— Earnings for S&P 500 companies are forecast to be up 62% for 2nd quarter 2021 (vs. the same period in 2020); anticipated peak growth off of pandemic lows.
— US consumer spending was flat in May, and producer prices did not rise as much as expected, easing fears about runaway inflation.
— US consumer sentiment improved in March, but all the gain was from households with more than $100,000 in annual income.
— Amazon is now largest corporate buyer of renewable energy in the world, aiming to have all its operations run on renewable energy by 2025.
Disclaimer: Clicking on any of the above links will take you away from the LNW web page and to the source page. While we believe the information in these articles is relevant, we cannot guarantee its accuracy or completeness.
