Weekly Market Snapshot – January 25th, 2021
Created by: Sam Tenney
- Fourth quarter 2020 earnings are expected to be slightly down year over year, with the S&P projected at -4.8% down. The financial sector is expected to be the hardest hit, with a -28.9% year over year decrease in earnings estimates. ¹
- Biden has unveiled plans to release another round of stimulus, estimating around 1.9 trillion dollars in the next stimulus package. The package is expected to include $1,400 stimulus checks for Americans, among other spending provisions. ²
- China has overtaken the US as the largest destination for foreign investment in the world. Year over year inflows to Chinese markets have increased 4%, while inflows to the US markets have dropped -49%. ³
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