01152021 :: Friday finance week in review
A partial digest of what we learned:
Biden revealed plans for a $1.9 trillion aid package that includes $1,400 checks, raising the federal minimum wage, and coronavirus-specific spending. This is in keeping with expectations that Democrats would introduce more stimulus measures in the next term cycle, but it can now be paired with a higher likelihood of passing given the blue wave of election 2020.
Stimulus is friendly to oil and other commodities (not gold), as well as to equities. That said, the health and…