Plus, the Biden administration considers a new antirust czar position. Also, banks are optimistic about the economy going forward. And, euphemisms that companies come up with for low-wage workers and how they’re part of a business model.
“We’ve heard from all the big banks now, and CEOs have come out and sounded hopeful about the economy going forward,” said Susan Schmidt, head of U.S. equities at Aviva Investors. “They’ve also commented on credit and how credit is staying positive and solid. Remember that credit, in 2008, was a big reason that the banks stumbled. So I think the market is also looking at that saying that bodes for a quicker recovery.”
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