I am sure you have seen the 3.8 Mil in weekly jobless claims bringing the number of U.S. citizens over 30 Mil. many of which are being paid more than if they were on the job. (Not so good in my opinion.)
The Federal Reserve is expanding the Main Street Lending program (which has not yet begun to the best of my knowledge) to allow businesses with up to 15,000 workers to apply. The previous limit proposed was 10,000 workers with a revenue of $2.5 billion. This new program raises the revenue limit to $5 billion.
The overall rally in equities this month seems to be met with much scrutiny. Many calling this a bear market bounce. Could very well be. I would stick to the agricultural markets, but that’s just me.
Comments