Anzo Capital
Anzo Capital Representative
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Weekly Market Review by Anzo Capital
Reflecting on the week of 29 Mar 2021
Biden Rescue Plan: Bad News Stocks?
The first stages of recovery are underway in the U.S., as employment data suggests the better weather and widescale vaccination programme has led to increased optimism from businesses. A total of 916,000 new jobs were created in March; the strongest pace of hiring since August. President Biden set out his long-awaited stimulus plan which would see the government spend $2 trillion over the course of the next 8 years. The plan includes an overhaul of current infrastructure for roads, broadband, water systems and housing. The president-elect estimates with a newly implemented 28% corporate tax rate, the stimulus spending will be recovered in 15 years.
Stay informed with our real time comprehensive market analysis reports and financial news here.
Reflecting on the week of 29 Mar 2021
Biden Rescue Plan: Bad News Stocks?
The first stages of recovery are underway in the U.S., as employment data suggests the better weather and widescale vaccination programme has led to increased optimism from businesses. A total of 916,000 new jobs were created in March; the strongest pace of hiring since August. President Biden set out his long-awaited stimulus plan which would see the government spend $2 trillion over the course of the next 8 years. The plan includes an overhaul of current infrastructure for roads, broadband, water systems and housing. The president-elect estimates with a newly implemented 28% corporate tax rate, the stimulus spending will be recovered in 15 years.
Stay informed with our real time comprehensive market analysis reports and financial news here.