The "Most Important Question" For Investors: Where Will Biden's Trillions In Stimmys End Up?
by Tyler Durden Monday, Mar 15, 2021 - 05:12 AM Now that the $1.85 trillion Biden stimulus is officially being deployed with tens of millions of stimmy checks being sent out this weekend to household across the nation, BofA's Jared Woodard writes that the "most important question" in for investors in 2021 is " what will US households do with their extra money as the economy fully reopens?" or in other words, where will all those stimmy checks go. And while the consensus is that the record “savings glut” will be spent, will the consensus be wrong again? Here, BofA sees two possible outcome...