Macro outlook.
Expect ongoing political battles over federal spending and the debt ceiling, climate change, and student debt.
Last year stimulus payments increased consumer spending. And much of that money went into the stock market from people who were under lockdown & could not work.
That spigot is now turned off.
The new head of the Consumer Financial Protection Bureau (CFPB) and possibly a new Federal Reserve chair may reshape policy.
Crude oil has surged about 80% in 2021 The increase is somewhat from economic recovery from the pandemic, but more from Biden administration anti-oil agenda restrictions that limit oil exploration, stopped the Keystone Pipeline the 1st days of his administration and are hindering production in the U.S. The United States became a net petroleum exporter in 2020. The first time in the 70 years the government has tracked the trade in petroleum that America shipped more oil abroad than it imported. Under the current admin READ ENTIRE ARTICLE: https://soflmag.com/financial.php
