The S&P 500 closed at 4,229.89, which is just shy of the 52-week high of 4,238.04 and is about 25 points higher than the 4,204 level that we closed at last Friday before the three-day weekend. It was its best day since May 24th. What a three-day weekend it was. There is less and less maneuvering room for those who would make you think we’re stuck in a pandemic-oriented, stay-at-home reality. The beaches were full from sea to shining to sea and across the territories. Pent-up demand that has long been suppressed by a reality dominated by COVID-19 is starting to meet goods and services long foregone. Summer has begun in more ways than one. We’re all familiar with the ways downside moves and panics can exasperate and sharpen downside moves. At FSInsight, we suspect we’re about to get acquainted with the other side of that coin on the upside as this unique moment in history converges with an extraordinarily strong, and increasingly creditworthy, US consumer. Remember folks, 70% of the powerhouse US economy is dependent on the strength and financial health of the US consumer. This bodes well for the coming quarters.

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Our Head of Washington Policy Strategy, Tom Block, also pointed out on our research call this morning, having been a party to many C-suite discussions on...

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