Last week, the American Rescue Plan Act of 2021, at $1.9 Trillion, was signed into law. The stimulus package, including direct payments, unemployment benefits and expanded child tax credits, is expected to boost the economy and it is already showing itself in the stock market - the Dow Jones and S&P500 stock indexes hitting fresh highs today. Currently, inflation, interest rates and a potential spring break surge of Covid-19 are risks that need to be considered but investors are mainly focused on the economy reopening from the pandemic
Economic reports from last week came back mostly positive: •Small Business Optimism - worse than expectation •Job Openings - better than expectation •Jobless Claims - better than expectation •Consumer Sentiment - better than expectation
This week, reports like Manufacturing, Housing and Jobless Claims will be watched by investors.