{"id":54951,"date":"2021-06-25T10:57:44","date_gmt":"2021-06-25T14:57:44","guid":{"rendered":"https:\/\/www.technologyinvestor.com\/?p=54951"},"modified":"2021-06-25T10:57:44","modified_gmt":"2021-06-25T14:57:44","slug":"please-buy-some-shares-today-heres-why-10-gdp-growth-nike-leads-with-big-earnings-and-a-14-bounce-in-share-price-wow","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=54951","title":{"rendered":"Please buy some shares today. Here’s why. 10% GDP growth. Nike leads with big earnings and a 14% bounce in share price. Wow!"},"content":{"rendered":"

It’s possible — correction — likely<\/strong> we’ll see a 10% growth in GDP in Q2 2021.<\/p>\n

Corporate profits will be extraordinary.<\/p>\n

Nike is up 14% this morning. It reports to May 31. So it’s a forerunner of what’s coming to June 30.<\/p>\n

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On Nike’s website is a great photo of Nike Athlete (guess who? My favorite Serena Williams):<\/p>\n

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Here’s what The Conference Board said recently:<\/p>\n

The Conference Board Economic Forecast for the US Economy<\/strong>
\nJUNE 9, 2021<\/p>\n

\u00a0The Conference Board forecasts that US Real GDP growth will rise to 9.0 percent (annualized rate) in Q2 2021 and 6.6 percent (year-over-year) in 2021. Following solid economic growth in Q1 2021 we expect the recovery to continue through the remainder the year. Looking further ahead, we forecast economic growth of 3.8 percent (year-over-year) in 2022 and 2.5 percent (year-over-year) in 2023.<\/p>\n

As the economy fully reopens and consumer confidence continues to rise we expect consumer spending to help drive the recovery forward – especially spending on in-person services. These outlays will be underpinned by a strengthening labor market and a large pool of savings derived from three rounds of fiscal stimulus checks dispersed over the last year. Furthermore, the launch of a new wave of monthly government checks to families with children, worth more than $100 billion, is set to launch on July 15th. This program should further strengthen spending in the second half of the year.<\/p>\n

The rapid acceleration in growth seen in early 2021 has led to rising prices and heightened concerns about inflation. Presently, we forecast that inflation will peak in Q2 2021 with the price level for personal consumption expenditures (PCE) \u2013 the US Federal Reserve\u2019s preferred inflation metric \u2013 rising to 3.5 percent (year-over-year) and Core PCE inflation rising to 2.9 percent (year-over-year). Inflation will likely remain elevated for the remainder of 2021, but then begin to moderate. It is unclear whether or not the Fed will tolerate these price increases for an extended period of time, and sooner than expected monetary tightening represents a downside risk to our forecast.<\/p>\n

Finally, it\u2019s possible that another large wave of government spending is on the horizon. The White House is currently negotiating a $2 trillion infrastructure and tax plan with Senate Republicans, but a bipartisan compromise does not appear to be at hand. Alternatively, the Administration may be able to pass these programs without Republican support via a legislative mechanism known as reconciliation. This strategy would require all Democrats in the Senate to support the programs, however, which is not assured. Given the uncertainty surrounding this issue, we do not currently factor it into our forecast. However, even if passed today, these programs would not begin to impact the US economy until 2022.<\/p>\n

Lumber is up threefold. So there is inflation. But wages are rising. That’s always good.<\/p>\n

There are shortages. I tried to buy a spare power adaptor for my new EV (electric vehicle) bicycle yesterday:<\/p>\n

\"\"<\/p>\n

You\u00a0 have permission to buy stock today. Based on the much higher earnings we are about to see, shares are cheap today. The S&P 500 has a forward P\/E of 17. Cheap.<\/p>\n

Anything on our list — click here<\/strong><\/a> — will be up by the end of the years.<\/p>\n

Thanks Ed S., for the help on this.<\/p>\n

How dumb could Bose be?<\/strong><\/span><\/p>\n

Bose just debuted a new hearing aid. I haven’t tried it. And I won’t:<\/p>\n

+\u00a0It uses batteries. It is not rechargeable. DUMB.<\/p>\n

+ You can\u2019t answer your cellphone or speak through them. DUMB.<\/p>\n

+ You can\u2019t listen to music from your iPhone. DUMB.<\/p>\n

In short, stay with previous recommendation. A $99.99 set. Click here.<\/strong><\/a><\/p>\n

Read my comments on hearing aids\u00a0here.<\/a><\/span><\/p>\n

New York just suspended his law license<\/strong><\/span><\/p>\n

\"\"<\/p>\n

NEW YORK (The Borowitz Report)\u2014After the state of New York banned Rudy Giuliani from practicing law, Americans expressed utter shock and disbelief that he had a law license.\u00a0\u201cI did not know that he was an actual lawyer,\u201d Carol Foyler, who lives in Bridgeport, Connecticut, said. \u201cI just thought he was some skeezy guy Trump met at a wedding or something.\u201d<\/p>\n

\u201cThe fact that Rudy Giuliani had a law license shows that the system for granting law licenses is broken,\u201d Harland Dorrinson, a resident of Toledo, Ohio, said. \u201cThere need to be background checks to prevent this sort of thing from happening.\u201d<\/p>\n

Tracy Klugian, a spokesman for the New York State Supreme Court\u2019s appellate division, said that their offices have been deluged with requests for law licenses ever since the Giuliani news broke. \u201cPeople now think we\u2019ll give a law license to anyone,\u201d he said.<\/p>\n

Old, but wonderful cartoons worth repeating for the weekend<\/strong><\/span><\/p>\n

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Have a great weekend. Hug the family. Exercise. Play tennis. Nap.<\/p>\n

Watch out for the final step doing down. It’s lethal.<\/p>\n

See you Monday — Harry Newton<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

It’s possible — correction — likely we’ll see a 10% growth in GDP in Q2 2021. Corporate profits will be extraordinary. Nike is up 14% this morning. It reports to May 31. So it’s a forerunner of what’s coming to June 30. On Nike’s website is a great photo of Nike Athlete (guess who? My […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-54951","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/54951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54951"}],"version-history":[{"count":11,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/54951\/revisions"}],"predecessor-version":[{"id":54970,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/54951\/revisions\/54970"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}