By By Charlie Bilello of COMPOUND
charts from the past week that tell an interesting story in markets and investing…
1) The Stimulus Effect
US personal incomes were 29% higher in March 2021 than a year ago, the highest rate of increase ever recorded.
2) The V in Earnings and the Economy
With incomes surging, consumers are spending more, and corporate earnings remain on pace to hit new highs in Q1.
As for the economy, it moved back in positive territory with a 0.4% year-over-year increase in Real GDP.
A continued rebound is expected in Q2 with a new high in real GDP. This is a much faster rebound than the 2008 recession which did not see a new high in real GDP until the 2nd quarter of 2011….. Read more