Weekly Market Commentary June 2, 2021

The Markets Are we at a tipping point? One side effect of the pandemic was a collapse in demand for oil, which led to “the largest revision to the value of the oil industry’s assets in at least a decade,” reported Collin Eaton and Sarah McFarlane of The Wall Street Journal. Last week brought another… Read more »

Weekly Market Commentary May 26, 2021

The Markets What do markets hate? They hate uncertainty, and recently there has been plenty of it. Some of the questions plaguing economists and pundits include: Why aren’t people returning to work? Americans, like people in other parts of the world, have not been rejoining the workforce at the pace many had anticipated. One of… Read more »

Weekly Market Commentary May 19, 2021

The Markets Uncle Inflation is here. Will he overstay his welcome? Ever since the financial crisis, central banks have pursued expansionary monetary policies to encourage reflation and avoid deflation. Well, it’s taken some time, but inflation is finally here. Last week, major stock indices in the United States moved lower after inflation, as measured by… Read more »

Weekly Market Commentary May 12, 2021

The Markets Like a gender reveal gone wrong, last week’s employment report delivered an unexpected surprise. Economists estimated 975,000 new jobs would be created in April. The United States Bureau of Labor Statistics (BLS) reported there were just 266,000. That’s a big miss. Economists, analysts, and the media offered a wealth of theories to explain… Read more »

Weekly Market Commentary May 5, 2021

The Markets It’s Spring and economic recovery is in the air. Last week, the Bureau of Economic Analysis reported the U.S. economy grew at a 6.4 percent annualized rate for the first three months of 2021. While that’s good news for companies and workers, asset managers are checking their expectations. The stock market reflects what… Read more »

Weekly Market Commentary April 28, 2021

The Markets It wasn’t just the price of pork chops. Last week, as investors weighed the news, strong corporate earnings were offset by higher grocery prices and rising numbers of global coronavirus cases. Solid corporate earnings weighed favorably. So far, 25 percent of the companies in the Standard & Poor’s (S&P) 500 Index have reported… Read more »

Weekly Market Commentary April 21, 2021

The Markets Where are Treasury bonds going? The direction of bond yields is influenced by investors’ expectations for economic growth, among other factors. When economic growth is expected to weaken, bond yields tend to move lower. When economic growth is expected to strengthen, bond yields tend to move higher. Last year, U.S. Treasury yields began… Read more »

Weekly Market Commentary April 14, 2021

The Markets Investors didn’t stumble over inflation last week. Why not? Inflation – rising prices of goods and services – can be measured in a variety of ways. For example, the Consumer Price Index considers changes in the amount consumers pay for goods and services – a bag of carrots, a gallon of gas, or… Read more »

Weekly Market Commentary April 7, 2021

The Markets Zoom, zoom, zoom. Big economies tend to recover from recessions about as quickly as semi-trucks accelerate from stop lights. In other words, recovery tends to be slow. That may not be the case this time. “Everything in this economic cycle is happening at great speed. That is in part a reflection of the… Read more »

Weekly Market Commentary March 31, 2021

Weekly Market Commentary March 31, 2021 The Markets Last week, unemployment claims were looking good and consumers were feeling good. The number of Americans applying for first-time unemployment benefits declined. Just 684,000 people filed claims during the week of March 20, down 97,000 from the week before, according to last week’s report from the Labor… Read more »