Latest Kevin Kal Kallaugher
Spend twenty minutes per week browsing Investment Tools and you will be better informed than most financial experts!
Sunday, February 28, 2021
Friday, February 26, 2021
Notes today:
The U.S. Bureau of Economic Analysis (BEA) has Personal income increasing 10.0 percent (monthly rate) while consumer spending increased 2.4 percent in January as provisions of the Coronavirus Response and Relief Supplemental Appropriations (CRRSA) Act enacted on December 27, 2020, began to take effect.
Bloomberg:
SEC Suspends Trading in 15 Stocks That Got Hyped on Social Media:
The SEC’s order noted that while the company hadn’t filed reports in years
and its phone number doesn’t work, “social media accounts may be engaged in
coordinated attempt to artificially influence” its share price. SpectraScience
volume surpassed 3.5 billion shares on a single day in late January as the
stock surged 167%.
REALLY!😖
Thursday, February 25, 2021
Notes today:
- Rates are getting interesting. An unsuccessful auction of seven-year Treasuries didn’t help.
- Real gross domestic product (GDP) increased at an annual rate of 4.1 percent in the fourth quarter of 2020
- U.S. employment grew by 11.8 million from December 2000 to December 2020. The gain was due to increased employment of people age 60 and older.
- Costco, ahead of Sanders: the US second-largest retailer is adopting a $16 minimum wage for its 180,000 employees next week.
- In the coming days, I will be working with my colleagues in the Senate to move forward with an amendment to take tax deductions away from large, profitable corporations that don’t pay workers at least $15 an hour and to provide small businesses with the incentives they need to raise wages,” Sanders said in a statement.
Wednesday, February 24, 2021
Notes today:
- Goldman Sachs thinks the US is about to grow at around 7%, which would be the fastest pace in years - and Fed Chair Jerome Powell signaled that the Fed is nowhere near pulling back its economic support.
- Newhome sales rose at an annual rate of 923,000 in January - up 19% YoY That was 4.3% above the upwardly revised pace of 885,000 in December.
Charlie Munger on Learning etc..
" Without the method of learning, you're like a one-legged man in an ass-kicking contest."
Tuesday, February 23, 2021
- The Case-Shiller index rose 10.4% in December - the biggest surge since 2014.Phoenix, San Diego and Seattle are leading gains.
- Conference board Consumer Confidence Index rose to 91.3 from 88.9 in January.
- The MyPillow libertarian dude Mike Lindell’s complaining he is losing money ($65M) amid Dominion lawsuits.
- Some air is coming out of Tesla, now below the price when it was included in the S&P.