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" ... April was the bottom of the Recession, that’s for sure. It looks like May and part of June had the sharp upward pop, the steep part of the initial “v,” and that appears to have been confirmed by BLS’s employment reading for June (see below). Yet, despite the equity market’s initial ebullience, it is pretty conclusive that we have entered the flattening portion of the Recovery. ... "
" ... The sentiment indexes have skyrocketed since the election. These include Consumer Confidence, the ISM Manufacturing and Non-manufacturing indexes, and stock market bullish gauges. Yet despite the ebullience, real economic activity has not increased. The recent job market reports appear to indicate strength, but much of the outsized job gains in February and March appear to be due to unseasonably warm winter weather over much of the country (February was the warmest in the U.S. since 1954). Because, much of this data is “estimated,” and because a “seasonal adjustment” process is applied, the warm winter may have caused a significant upward bias in the data. ... "
" ... There just aren't enough random acts of philanthropic largesse landing in the right places these days, least of all in education, or among the young, or among habitually marginalized or wholly disenfranchised communities, so it was with her now-patented brand of ebullience that Texas-born rap supernova and apparently permanent resident of the Billboard Hot 100 chart, Meghan Thee Stallion, nee Megan Jovon Ruth Pete of Pearland, Texas, announced her cooperation with Amazon Music's Rap Rotation to offer two academic stipends on — where else — Instagram (Note: all emojis Megan Thee Stallion): ... "
" ... This is not a time of ebullience. Rather it seems to be a time of fear. When will the market go down With The Dow At All Time Highs, Why are investors so queasy again? How much will it decline? Will it bounce back or will it be another downdraft on the roller coaster? ... "
" ... “The performance of SPACs appears highly speculative, and its surge in popularity may be another sign of recent market ebullience,” says Jason Pride, Chief Investment Officer of Private Wealth for Glenmede. “Investors should tread carefully with SPACs, as costs and dilution post-merger may be larger than those borne via traditional IPOs.” ... "