Truck Load Rates Halt 8 Week Slide 2.0

I said "I might" have to! LOL

Besides, I'm not complaining. Another 11k in "free" money will tide me over nicely until April, if needed. If worse comes to worse, I can always go to work for @Midwest Trucker

 

Oh yeah, I forgot to mention, it's being reported that a lot of us will be receiving another $2,000 worth of stimulus elixir soon enough. Let the good times roll! The electorate got rid of you know who, and that's all that matters!

 

I received this email from the State today. I guess since I'm the employer of myself, I am required to inform myself that I might be leaving money on the table. I'm gonna print out the poster from the bureau of labor and tape it to my refrigerator door!

 

I have nothing to report on rates personally, because I'm taking an extended period of time off. I keep a cursory eye on my lane from time to time and have received email offers from brokers I've done business with, however, have let them know I'm on vacation.

 

Stocks Stall as Biden Stimulus Plan Fails to Cheer Investors

"Friday’s economic data didn’t provide much relief for investors concerned about the economic impact of this winter’s surge in Covid-19 cases. Retail sales data came in worse than expected for December, while the Empire Manufacturing Index posted an unexpected decline.

“The [economic] data is going to be weak for the next two months,” wrote Dennis DeBusschere, strategist at Evercore ISI, in a Friday note. “Seems like [investors’] nervous energy is finally translating into broad based selling.”

"The incoming U.S. president announced a $1.9 trillion strategy for sweeping coronavirus relief, including plans to send direct payments to Americans of $1,400, on top of the $600 that is currently being paid out. The proposal would also provide $20 billion for a national vaccination program, lift the minimum wage to $15 an hour, and extend moratoriums on evictions.

But market reaction has so far been less-than-enthusiastic. “The overall size of the package was slightly less than the rumored $2 trillion and the wide scope of the proposal implies that getting it through the Senate will be a herculean task,” said Marios Hadjikyriacos, investment analyst at XM, to clients in a note.

Biden added that next month he will roll out a second broader economic recovery plan at a joint session of Congress, which may also be jarring investors.

“That plan will lay out infrastructure spending and plans to attack climate change. It seems it will also lay out tax raising plans which is catching the market off guard a little this morning,” said a team of strategists at Deutsche Bank led by Jim Reid, in a note to clients."