The Daily Money: Is $1.9 trillion too much money?

Posted by Anonymous on February 25, 2021

ALL THE MONEY NEWS YOU NEED TO KNOW

Thursday, February 25

Good morning, Daily Money subscribers, it's Nathan Bomey here at your service. Let's go to our ...

INSIGHT OF THE DAY: The S&P 500 has averaged 13.4% growth over the last 10 years, exceeding the average of 10% since its inception in January 1993. In other words? Don't be surprised if recent stock gains slow down in the coming years.

On to the news ...

1. It's not a good time to be in the lingerie business. Victoria's Secret has been struggling, and it's poised to close up to 50 additional stores, Kelly Tyko reports.

2. Was Tiger Woods' SUV safe? The Genesis GV80 he was driving when he crashed in the Los Angeles area was brand new. But Genesis vehicles have performed well on safety tests in general. Here's my report on what we know about the GV80, its safety and the Genesis luxury brand.

3. Is $1.9 trillion excessive? The economy is making impressive gains despite the pandemic. Does that mean President Biden's proposed $1.9 trillion stimulus plan is over the top?

4. Call it an Apple store within a Target? Target just announced a partnership with Apple that will set up mini Apple stores within Target locations.

5. Have you thought about short-selling stocks? Be wary of these three risky investment strategies.

More below!

--Nathan Bomey, Money reporter