Weekly Market Snapshot – February 8th, 2021
Created by: Sam Tenney
- A recently released Democrat proposal to the new stimulus bill would raise child tax credits to $3,000 per child, a considerable increase to the previous amount. The stimulus bill is aiming for 1.9 trillion in additional stimulus. ¹
- The current White House administration plans to stay tough on Chinese trade agreements, citing abuses of human rights and democracy as reasons to continue looking at further trade policy changes with the nation. ²
- 10 year and 30 year government bond yields continue to rise to nearly 1 year highs, with both reaching levels higher than March 2020. This is a good sign for equity markets, as bond holders continue to dump cash in favor of other assets. ³
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