Week Ending May 28th, 2021

Major stock indices continued to rise higher last week shrugging off all the inflation fears. It appears as if market participants are looking past the inflationary months ahead and the most somehow appear to fully agree with the Fed’s view on inflation.

Republicans unveiled a $928 billion infrastructure plan as a counteroffer to President Biden’s proposal of $1.7 trillion. Biden proposed $6 Trillion budget for fiscal 2022 which will face the test in the congress.

The commerce department reported on Friday that core PCE price index increased 3.1% in the year ended in April, a little higher than expected increase of 2.9%. Personal income decreased by 13.1% in April reflecting a decrease in social benefits according to estimates released by Bureau of Economic Analysis. 

A big jobs report looms in the week ahead. I advise investors to stay invested with focus on quality.

Thank You To The Brave men and women who made the ultimate sacrifice.