News Commentary #1,626 – DollarBill | Stock Market And DST..?!

News from traditional financial world ( stock market ) and from absolutely different area came on DollarBill (reviewed here) platform’s telegram channel again. 

I hope some of you find it interesting too 🙂 However it would be also nice to hear and see any bonuses for investors in order to attract attention of those who yet not joined …  But, of course, it all goes according to the admin’s plans in every single platform.. So probably this is a part of plan, hopefuly long term plan 🙂

Here’s the news:

 

Daylight Savings debate: Winners — and losers — of ending biannual time changes

Daylight Savings Time (DST) could become permanent in the U.S. after the Senate passed the Sunshine Protection Act, which now awaits a House vote and a signature from President Biden before it would become law and go into effect in late 2023.

The goal of DST is to enable people to make more use of daylight. Currently, DST begins when clocks move forward one hour on the second Sunday in March at 2:00 A.M. and ends when clocks move backward one hour on the first Sunday in November at 2:00 A.M. So twice a year, Americans adjust.

Businesses, politicians, sleep experts, and regular Americans are now actively discussing who would benefit from sticking to one schedule all year.

 

 

The stock market is depressed, and apparently that’s great

The percentage of individual investors who consider themselves bullish has averaged just 23.9% over the past 10 weeks, according to the American Association of Individual Investors (AAII). Truist co-chief investment officer Keith Lerner points out this is the lowest average level of bullishness since the June 2016 Brexit referendum and one of the least optimistic readings since the survey’s inception in 1987.

So what has this level of depression historically meant for the stock market in the months ahead? You guessed it, a rally! Historically, these low levels on the survey have been followed by consistent and positive returns on a six- to 12-month basis for the S&P 500, Lerner notes. Only in the land of investing does bad equal good (maybe it does in other places, who knows).

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