Two interesting bits of information this week. CNBC reports that retail sales surged 3.8 percent in January.
Consumer spending bounced back sharply in January as rising inflation and a post-holiday surge kept cash registers ringing, the Commerce Department reported Wednesday.
CNBC.com
And AirBnB earnings were better than expected which bode well for the economy in general:
Airbnb beat Wall Street estimates on earnings and revenue in its fourth quarter, as the travel company continued to rebound from the Covid-19 pandemic.
CNBC.com
The Federal Reserve is still expected to raise interest rates in March and that action may lead to a small or significant market correction but the health of the economy right now seems to be fairly stable. We’ll see what the next few months hold and be ready to pounce on our key investment stocks when the time is right. For now we just need to hold on and…
stay tuned and stay solvent…