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Macro Briefing: 2 March 2021

Summary:
* CDC warns of “potential fourth surge of cases” in the US* Sen. Elizabeth Warren unveils proposal for wealth tax on ‘ultra-millionaires’* China closes a major bitcoin mining operation* German retail sales fell sharply in January due to coronavirus lockdown* US states lose far less tax revenue than expected due to coronavirus* Global manufacturing activity rebounded to three-year high in February* Wall Street is increasingly worried about stock market optimism* Regional bank stocks are benefitting from higher interest rates* US construction spending rose again in January, reaching another record high* US manufacturing output in Feb grew at fastest pace since pandemic started:

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* CDC warns of “potential fourth surge of cases” in the US
* Sen. Elizabeth Warren unveils proposal for wealth tax on ‘ultra-millionaires’
* China closes a major bitcoin mining operation
* German retail sales fell sharply in January due to coronavirus lockdown
* US states lose far less tax revenue than expected due to coronavirus
* Global manufacturing activity rebounded to three-year high in February
* Wall Street is increasingly worried about stock market optimism
* Regional bank stocks are benefitting from higher interest rates
* US construction spending rose again in January, reaching another record high
* US manufacturing output in Feb grew at fastest pace since pandemic started:

Macro Briefing: 2 March 2021

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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