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The House Ways and Means Committee passed an estimated $3 trillion spending bill as part of President Biden’s Build Back Better Act. To finance these programs, the bill includes roughly $3 trillion in new taxes.Learn More
Once again consumer spending is shifting due to price gains and the surge in COVID-19 cases. However, stock performance remains strong despite waning economic data and stretched valuations. Added to the mix are economic policies in China that may negatively impact Chinese equities in the short term. As the summer comes to an end, investors would be wise to keep an eye on China’s policies as well as the Fed as it focuses on upcoming employment metrics.Learn More