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Hey there, Bullets Fans –
Your Morning Bullets Brief Updates are here! And that means trivia is, too.
On this day in 1864, the United States minted their first $0.02 coin. It was also the first time this phrase appeared on a US coin. Do you know which phrase that was?
Think you know the answer? You can check it in the closing area down below!
Image Source: NYSE
For those of you just starting your day, it’s worth noting that the US stock futures have dipped this morning after Wall Street bounced back from a two-session losing streak.
Yesterday, the DJIA added 316 points or 0.9%. The S&P 500 rose by 0.9%. Finally, the Nasdaq jumped 1.2%.
Both the Dow and the S&P are just a hair off of their Friday record-high closes. The Nasdaq is just 1% away from their own record close that was set in February.
The 10-year Treasury yield saw a 14-month high in March, but after dogging tech stocks, it has now ticked lower early this morning and is holding under 1.6%.
At 8:30 am ET, the Labor Department released their weekly look at jobless claims – just one hour before the opening bell. In case you forgot, lost week’s initial claims of 576,000 was the best number we’ve seen since the pandemic set in. It was also the first time we’d seen numbers under 600,000 since March 14, 2020.
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When he got tired of helping the rich get richer, this is what he did next
Image Source: The Conversation
Right now, there’s one thing that everyone seems to be worried about – and that’s inflation.
After years of trying to “stimulate” inflation, now might be a good time to remind folks to be careful what they wish for. Because inflation is already here, and it’s about to get worse.
In March, the consumer price index climbed by 0.6% from the previous month. But based on a year ago, it was up 2.6%.
And David Roche, the president of investment firm Independent Strategy, expects things to get worse.
He’s predicting that yields could double and that would essentially bring the markets to “the crunch point.” And he’s pegging a lot of that to the huge demand he’s seeing as consumers start spending those excess savings they’ve been accumulating.
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