Something doesn’t add up

Hey there! Happy May to all of you! You know, right now there are some really amazing things happening in the market. Sure, the big headline markets were down yesterday, but think about this: Jobless claims are at the lowest level they've ever been. And if you've been paying attention to earnings season, companies are blowing the doors off again and again and again. Amazon had amazing earnings, as did the FAANG stocks in general. And recently, I saw this article about how earnings are beating expectations at a record rate according to Yahoo! Finance. That's all really exciting stuff. Except, sometimes, if you watch the news coverage, it still seems doom and gloom. We're talking about still being in the middle of a pandemic and the government is giving restrictive guidelines even for people who have been fully vaccinated. Plus, the Biden Administration is on the verge of spending $10 TRILLION in just over 100 days in office, if it passes the two big spending packages it wants. I'm not trying to play down the seriousness of the virus at all, and I'm not saying that there might not be really good programs involved in some of the government spending. But I don't really understand how the government can claim they need to spend unimaginable amounts of money to stimulate an economy that is clearly doing fine! And what really worries me is that they want to pay for some of this spending by raising America's capital gains taxes to the highest in the world. That's really going to hurt new investors who are trying to make a living for themselves in the market. It's not about getting political, because, sadly, neither side of the aisle is really a friend to the individual trader. But there is something here that doesn't quite add up. The markets are really healthy right now. It's an amazing time to trade. And I hope that we don't get so focused on fixing an economy that isn't broken that we accidentally break a system that is working just fine. I think it's something to watch in the coming days, weeks, and months. Chat Soon, Markay Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument. Daily Profit Publishing , 1800 Hughes Landing Blvd. Ste. 200, The Woodlands, TX 77380, United States Update your subscription — Unsubscribe