Act Big

Check out the accompanying pdf and chart collection. (1) Yellen talks softly and carries a big act. (2) Government continues to spew out checks. (3) American Rescue Plan is fourth congressional pandemic response. (4) Bernie Sanders is all for reconciliation if Republicans won’t reconcile. (5) Rahm’s Rule again. (6) The Mag-5 underperforming despite their new record-high market cap. (7) Market breadth has improved thanks to vaccines. (8) V-shaped recovery in forward revenues, earnings, and margins. (9) In January, US PMIs remained remarkably robust. (10) Pandemic is mutating. (11) Stock market valuation multiples in outer space.