The $1.9 trillion bailout package launched by President Joe Biden on Thursday (18) began last weekend with a one-Time $1,400 payment allocated to most Americans. Some investment banks surveyed that Americans may put this bailout money into the stock market or crypto markets such as Bitcoin, however, Google search engine leaked a different answer.
On Thursday, Bloomberg reported that most Americans are starting to receive their third Epidemic relief checks of up to $1,400, and surveys by Mizuho, Deutsche Bank and other investment banks suggest that Americans who receive the relief money may invest some of it, but recent data suggests that Americans may be putting the money into the stock market, which is questionable.
Wall Street analysts have found that recent data suggests that vaccinated Americans are getting out of the house and preparing to buy airline tickets, not airline stocks. Whether it’s a trip to Disneyland, a beach vacation, a visit to Family or friends, are all possible options for Americans to spend this more than bailout money.
Julian Emanuel, chief equity and derivatives strategist at BTIG, believes that with vaccinations and the economy opening up, especially with summer just around the corner, those who have been part of the speculative brigade are more likely to leave their computer screens, whether it’s stimulus checks or other cash, and head out to experience various outdoor recreational activities for the first time in over a year.
According to Google search trends, the keyword search for “Google flights” reached its highest popularity score of 100 last week. Travel-related searches were already popular even before news of the new bailout was released, and travel-related searches increased as the U.S. has released $242 billion in stimulus funds in the past week.
The Dallas Federal Reserve Liquidity and Engagement Index shows that Americans are traveling again. Bespoke Investment Group expressed its desire to break the restrictions in a report that the U.S. has been getting out and about as vaccines have been rolled out, the number of new confirmations has fallen, and states have lifted restrictions on vaccination.
Comments on Will the latest round of stimulus finally make its way into the stock market? (Analysts such as Peter Tchir, head of macro strategy at Academy Securities, have raised doubts, judging that current stock prices already reflect the imminent arrival of stimulus measures.
Peter tir wrote in a report, “I am told to be prepared for a wave of consumer shopping as bailout checks enter Americans’ accounts.”
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