Powell provides Further Insight into Fed Plans

In this week’s recap: Federal Reserve says tapering likely in 2021, but no interest rate hikes for now. Weekly Economic Update   THE WEEK ON WALL STREET The stock market powered to record levels last week amid talk of Fed tapering and a deceleration in new Delta variant cases. The Dow Jones Industrial Average gained…

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Taper By Year End?

In this week’s recap: A Fed taper may loom; economic data mixed. Weekly Economic Update     THE WEEK ON WALL STREET Stocks turned lower last week amid the increasing probability of a Fed tapering, mixed economic data, and growing concerns about the economic impact of the Delta variant. The Dow Jones Industrial Average slumped…

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Capital Asset Advisory Services Market Update: Second Quarter 2021

The second quarter of 2021 saw continued increases in most stock, bond, and commodity markets. As vaccine distribution has increased, so has business activity in those areas. Using air traffic as a crude proxy for normal-economic-activity, you can see the yearly changes in passenger traffic. Using 2019 (in green) as a baseline, 2021 (in yellow)…

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Stocks Climb

In this week’s recap: Stocks reach all-time highs and the housing market showed significant improvement. Weekly Economic Update     THE WEEK ON WALL STREET Stocks reached new all-time highs last week as markets staged a strong rebound from the previous week’s declines. The Dow Jones Industrial Average rose 3.44%, while the Standard & Poor’s…

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Unsettled Markets

In this week’s recap: The Fed signals interest rate hikes.   Weekly Economic Update     The Week On Wall Street New messaging from the Federal Reserve on interest rates and inflation last week led to a broad retreat in stock prices. The Dow Jones Industrial Average dropped 3.45% while the Standard & Poor’s 500…

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