Overnight markets leading into the new week managed to get investor hopes up yet again only to fall short as last night’s bid managed to reverse before Monday’s opening bell.
Now back to square one, many on Wall Street look to the week ahead for clues as to when (or if) another sign of positive movement could be in our near future or if there could be more dark days ahead…
Join us today as we review the week ahead including some of the biggest market related stories that could help your investments soar or sink in a matter of moments.
Infrastructure Deadline
The week starts off with a bang in Washington D.C. as the Senate finally reached the infrastructure deadline set in place by Nancy Pelosi with no clear decision in sight.
Late Sunday night, however, House Speaker Nancy Pelosi decided to delay the vote until this coming Thursday to give Democrats more time to reach a consensus on President Biden’s sprawling domestic policy package.
The $1.2 trillion infrastructure bill has been the big-ticket item on the Biden agenda since President Joe Biden took office earlier this year. Though labeled as a “bipartisan” bill, many opposing officials say that the bill has too many hidden left-leaning agendas and should not be pushed through as is.
Due to this opposition, moves on U.S. infrastructure (usually a topic both sides of the aisle agree on) have been stalled.
Will D.C. officials finally be able to reach an agreement on this bill or will America’s infrastructure continue to crumble while the political bickering commences? The answer to this and many other questions may finally present itself this Thursday.
Other Notable Events
Sticking around D.C., this Tuesday FED Chairman Jerome Powell and Treasury Secretary Janet Yellen are expected to testify at the Senate hearing on CARES Act oversight of the Treasury and Federal Reserve.
… And in the world of earnings, this week will see names such as Bed, Bath and Beyond, CarMax, IHS Markit and United Natural Foods among others.
Learn More Here…
This week is sure to bring some excitement to the trading days of many investors as stocks work to bring themselves back up from their most recent slump.
If you’re interested in hearing more about today’s markets and tomorrow’s profits, we encourage you to join DTI founder and 40-year market veteran Tom Busby below as he share his take on the days ahead and how he plans for you to keep your investments growing, despite current market trends.
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