Major US Equity Indices Rally Huge Into Resistance Last Week; Likely To Be On Pins And Needles Until Georgia Runoff Outcome

posted in: Credit, Economy, Equities, Technicals | 0

US equities surged last week pricing in a divided government – a Democrat in the White House, Republicans in control of the Senate and Democrats of the House of Representatives. Major indices rallied right into important resistance. The focus now … Continued

US Corporations Wallow In Tax Windfall; Profits And Taxes Diverge, Possibly Unsustainably

posted in: Economy, Equities | 0

Thanks to last year’s tax cuts, corporate taxes have seen a big drop, with a wide gap between what corporations make and what they pay in taxes.  While this gives them more money to spend on dividends and buybacks, this … Continued