📈 SPX | 4,400 (+36, +0.8%)
📈 DJIA | 34,755 (+338, +1.0%)
📈 CCMP | 14,654 (+152, +1.0%)
🎈 Gasoline prices have risen to an average of $3.22 per gallon in the USA (a gallon is 3.78 litres), the highest since 2014, and about $1 per gallon higher than a year ago. In major states like California, average prices are sitting at $4.42 per gallon.
🏭 Amazon has again won a record amount of tax breaks – $650 million in grants, tax exemptions, and other incentives from local governments in 2021. Local politicians like Amazon due to its tendency to boost the perception of job creation – with over 100 new facilities opened since 2020.
🏦 Recent data from the Federal Reserve shows that the USA’s top 1% of income earners are holding the least Treasuries they’ve had in 20 years, while overall demand for public debt appears to be down as well. With inflation running at above 5% currently, Treasuries are technically giving negative yields.