Weekly Market Snapshot – February 1st, 2021
Created by: Sam Tenney
- Economists expect the January jobs report to come in slightly positive at 55,000 jobs added. This a reversal from December, in which 150,000 jobs were lost. ¹
- The precious metal Silver has hit a high today of $27 per ounce, a level not seen since 2011. All major Silver dealers were closed for purchase, due to demand skyrocketing over the weekend.²
- The US Treasury borrowing estimates for quarterly spending were cut by nearly 80%, down to 250 billion from 1,000 billion. This is due to a large buildup of cash at the treasury reserve and lower spending than expected.³
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