Even the Crises Are Bigger in Texas
The polar vortex caused heavy snows across the middle of the U.S. and record cold temperatures in Texas. Consequently, due to unprecedented electricity demand, electric utilities, from North Dakota through Texas and into Mexico were forced into rotating blackouts. Some refineries and many oil wells in Texas were shut down due to cold temperatures. Even […]
Stocks Increase on Strong Earnings and Reduced Infections
Stocks ended the week with modest gains in most indices as traders wait to see progress on additional stimulus. Helping the markets were Q4 earnings continuing to come in with year over year growth. Also, reductions in infections and limited re-openings in parts of the country helped support the markets. The global semiconductor shortage continues […]
What a Difference a Week Can Make!
Stocks indices rose sharply this week as last week’s fears over GameStop’s market volatility subsided. The markets focused on better than expected earnings, improving PMI data and the anticipation of further stimulus. The small company Russell 2000 index posted the largest gains. One notable piece of negative economic news is that automakers globally are temporarily […]
