Market Commentary — January 18, 2021

This Wednesday, January 20th is Inauguration Day.

Last Thursday, president-elect Biden revealed his proposed $1.9 trillion stimulus package which includes the following:

  • $1400 stimulus checks, to top off December’s $600 relief.
  • Unemployment insurance supplement of $400.
  • Money for schools to reopen.
  • An increase of the minimum wage to $15 an hour.
  • $440 billion in community support.
  • $160 billion to support health initiatives such as vaccination, expanded testing, and a public health jobs program.
  • Expansion of paid leave program not extended in December.
  • Expanded child care tax credit

Of course, all of this will have to pass both houses of Congress.

2020 was a record year for ETF asset flows, with a whopping $507.4 billion flowing into US-listed ETFs, surpassing 2017’s previous record of $476.1 billion and up 55% over 2019’s $326.3 billion mark.

Jane Edmondson
CEO and Co-Founder

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EQM Indexes LLC is a woman-owned firm dedicated to creating and supporting innovative indexes that track growth industries and emerging investment themes. Co-founded by Jane Edmondson, a former Institutional Portfolio Manager with more than 25 years in the investment industry.


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