Tag Archives: pockets

Stock Bulls Look Toward $17 Trillion Burning a Hole in Pockets

(Bloomberg) — In the stock market, the refusal of retail investors to back down from every macro threat has become the only story. When will it end? Judging by the size of all the pools of cash lying around, it could be a while. Among all the economic stories of the pandemic, the one about money piling up in people’s accounts has been the most significant in the stock market, where the S&P 500 just notched its seventh gain in nine weeks. Money market accounts, viewed in some circles as a… Source link

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Certain pockets of America are feeling a ‘disproportionate impact’ from the coronavirus pandemic

It was January 2021 in McKinley County, New Mexico, and George Munoz was despondent. Ten months into the coronavirus pandemic, the devastating impact on his community weighed him down. “We live in a small town, so everybody kind of knows everybody right?” Munoz, a representative elected to the state’s legislature, told Yahoo Finance. “For seven days straight, I knew somebody who had died.” McKinley County has one of the highest COVID-related mortality rates in the U.S., according to a new… Source link

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