Posts Tagged ‘COVID-19’
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)…
Read MoreStocks 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…
Read MoreUnsettled 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…
Read MoreCPI Exceeded Most Expectations
In this week’s recap: Stocks kept cool, even as inflation came in hot. Weekly Economic Update THE WEEK ON WALL STREET Stocks ended the week mixed as investors appeared to shrug off a hotter-than-expected inflation report. The Dow Jones Industrial Average slipped 0.80%, while the Standard & Poor’s 500 advanced 0.41%. The…
Read MoreHope In Labor Market Recovery
In this week’s recap: Positive labor numbers lead stocks to a modest gain. Weekly Economic Update THE WEEK ON WALL STREET A strong, but not too strong, employment report sparked a rally on the final day of trading, propelling stocks to a modest gain for the week. The Dow Jones…
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