Finally fixed the toilet seat... Home Depot had its best quarter in 20 years thanks to lockdown DIY "House Hype." But the stock fell because Home Depot's CEO didn't sound hyped about this quarter. Stimulus checks helped bankroll last quarter's splurges on Adirondack chairs — now checks have been spent and the $600/week extra unemployment benefit has expired. Investors are wondering whether the home spending boom has peaked.
Same paper, less Nutella... You're shelling out more $$$ for the same jar of Italian decadence. The value of the US dollar fell to its lowest level in over two years, making it less valuable compared to currencies like the Euro. That's partly because the Fed has been blasting out fresh dollars to stimulate the economy. More dollars = less demand for dollars = less valuable dollars. Depreciation threatens the USD's "Superman status" as a global reserve currency. Long-term, it could mean higher inflation (and really expensive Bordeaux).