Douglas Holtz-Eakin, American Action Forum President, joins Yahoo Finance Live to discuss Biden’s G-7 trip, the relationship between U.S. and China, and the global minimum tax rate.
Kevin Simpson, Founder and Chief Investment Officer of Capital Wealth Planning, joins Yahoo Finance Live to discuss the outlook on inflation pressures, meme stock madness, and the bipartisan Senate group pitch for a $1.2 trillion infrastructure deal.
The stock market, as measured by the S&P 500 Index (SPX) continues to struggle mightily with resistance at the all-time highs — roughly 4238. SPX has had a daily high very near that level for four days in a row, and for seven times in the last month. Internal indicators are improving, but unless the most important indicator — price — can confirm, we are not aggressively buying.