Trending Now-2021-S&P Hits 4000

Trending Now-2021-S&P Hits 4000

milestone (noun)1

  1. a stone functioning as a milepost
    2. a significant event or stage in the life, progress, development, or the like of a person, nation, etc. The S&P 500 closed above 4,000 on Thursday, April 1, marking a major post-recession milestone.

Perhaps you’ve heard by now that the S&P 500 recently topped 4,000 for the first time ever.1  It took sixty-four years to get there – the index as we know it today began on March 4, 1957 – and we’ve had to weather market bubbles, bear markets, and recessions to see it.  Frankly, it’s astonishing that it happened this soon.  After all, it was just over a year ago that the markets crashed due to the onset of the pandemic.

But what is the significance of 4,000?  To be honest, not much.  The number is mainly psychological. It’s large, it’s round, it stands alone. But the market isn’t really any different at 4,000 than at, say, 3,827. That’s why the number is less important than the way we respond to it.

You see, the markets are driven by many things, but foremost is confidence. The funny thing about confidence is that the more you have, the more you’re likely to gain. Confidence begets confidence, just as fear breeds fear. We see evidence of that every time the market surges, or every time it drops. So, if the S&P reached 4,000 because of increasing investor confidence, it’s very possible it’ll rise higher – at least in the short term – because those same investors will see the number and think, “Things are great! We made it!”

The question we need to ask ourselves, is “Made it where?” Look at the definition at the top of the page again. If we consider 4,000 as a milestone, then we must remember that this is just a stage. A marker. 4,000 is not a destination. It’s just one more step on a long road to your financial goals.

What we must consider is the ground on which our road is laid. Is it sturdy or shaky?  After all, there are certainly things to feel wary about. New variants of the coronavirus, rising inflation – the list goes on. But there’s lots of good news, too.  Hitting 4,000 may be just a milestone, but it’s a promising one. It’s an event in a series of events that suggests we’re heading in the right direction.  If this were just a unique, out-of-the-blue number, we’d all dismiss it out of hand. But it’s a part of the steady improvement we’ve been seeing since last spring. Unemployment is lower.2  Federal stimulus is driving more economic activity. Over 55 million Americans have been fully vaccinated. President Biden’s goal of distributing 100 million vaccines in his first 100 days in office was accomplished 42 days early.3  (Biden has now set a goal of distributing 200 million by the end of April.3 )  Combine all those factors, and you can see why consumer confidence levels are at their highest since the pandemic started.4 So, there are reasons for optimism.

But the most important thing to remember is the opportunity this news presents. The opportunity to demonstrate sound principles. While some people might see 4,000 and throw caution to the winds, we’re going to emphasize the basics of successful investing.  We’ll keep following our long-term strategy, making decisions based on what’s right for you instead of chasing rabbits or overreacting to headlines. Continued progress toward your dreams is always our goal. Rational thinking is always our guide. Not the ups and downs of the market.

So, as you listen to the pundits on TV, or read their commentary in the newspaper, remember: 4,000 is a milestone. No more, no less. Like all milestones, it shows how far we’ve come…but it’s up to us to remember the road that still lies ahead.

If you have any questions about the markets, or if you just want to chat, please feel free to give our office a call at 301-294-7500. We always love to hear from you!

1 Julia Horowitz, “The S&P 500 shoots above 4,000 points for the first time ever,” CNN Business, April 1, 2021. https://www.cnn.com/2021/04/01/investing/sp-500-4000-points/index.html
2 Jeff Cox, “Weekly jobless claims tumble to lowest level in more than a year,” CNBC, March 25, 2021. https://www.cnbc.com/2021/03/25/weekly-jobless-claims.html
3 “Tracking the Coronavirus,” NPR, updated April 1, 2021. https://www.npr.org/sections/healthshots/2021/01/28/960901166/how-is-the-covid-19-vaccination-campaign-going-in-your-state
4 Xavier Fontdegloria, “U.S. Consumer Confidence Hits Highest Point Since Pandemic Started,” The Wall Street Journal, March 30, 2021. https://www.wsj.com/articles/u-s-consumer-confidence-hits-highest-point-since-pandemic-started-11617118100

Weekly Market Commentary 4.12.2021

Weekly Market Commentary 4.12.2021

How Are Your Investments Doing Lately?  Receive A Free, No-Obligation 2nd Opinion On Your Investment Portfolio >

Weekly Financial Market Commentary

April 12, 2021

Our Mission Is To Create And Preserve Client Wealth

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 a doctor’s appointment. The Producer Price Index (PPI), on the other hand, considers changes in the amount producers – such as farmers, manufacturers, or physicians – charge for goods and services.

Last week, the Bureau of Labor Statistics reported the PPI increased by 1 percent month-over-month in March 2021. It was twice the increase forecast by economists. On a year-over-year basis, the PPI was up 4.2 percent, which was the biggest gain since 2011, reported Reade Pickert of Bloomberg.

It’s important to pay attention to comparisons. The year-over-year PPI reflected prices from last March, after the pandemic had affected demand and prices dropped lower. Bloomberg explained the phenomenon may continue for several months:

“Given major inflation metrics declined at the start of the pandemic, year-over-year figures will quickly accelerate – a development referred to as the base effect. The upward distortion will also appear in the closely-watched consumer price index report on Tuesday.”

Last week, Fed Chair Jerome Powell talked about inflation, too. He didn’t focus on year-over-year comparisons. Powell told an International Monetary Fund panel inflation may increase as the U.S. economy reopens because supplies are tight. However, he expects the increase to be relatively short-lived. “Persistent inflation that goes up year after year…tends to be dictated by underlying inflation dynamics in the economy, as opposed to things like bottlenecks. The nature of a bottleneck is that it can be resolved.”

Powell emphasized price stability is one of the Fed’s mandates and, if inflation becomes concerning, the Fed will act. The Fed’s other mandate, full employment, is the more pressing concern. Powell said, “The unemployment rate of the bottom quartile of earners is still 20 percent. The higher end of the labor market has virtually recovered, but not the people in the bottom 20 percent…It amounts to nine or 10 million people…who were working in February of 2020 and are now unemployed.”

Last week, the Standard & Poor’s 500 Index opened above 4,000 for the first time and finished the week higher, reported Alexandra Scaggs, Barbara Kollmeyer, and Jacob Sonenshine of Barron’s.

April is financial literacy month. It’s also National Canine Fitness, National Fresh Celery, and International Guitar Month (among so many other designations), but let’s not get distracted.

So, what is financial literacy? In 2008, the President’s Advisory Council on Financial Literacy defined financial literacy as “the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being.” A lot of skills fall into that category, including budgeting, saving, and investing.

One aspect of financial literacy that is becoming more important is the way memory and aging affect financial decision making. Prior to the pandemic, the FINRA Investor Education Foundation and the Rush Memory and Aging Project explored this issue from several perspectives and discovered:

·         Confidence in financial literacy appears to be good for brain health. One study found “…confidence in financial literacy is associated with a decreased risk of Alzheimer’s dementia and slower decline in cognition, above and beyond objectively measured financial literacy…While it is not completely clear why this relationship exists, it could be that confident people are motivated to engage with the world and actively seek to acquire new information.”

·         Overconfidence about financial knowledge may lead to risky financial behaviors. Older Americans are responsible for a significant portion of our country’s wealth. Common wisdom holds that risk tolerance declines with age. However, a separate study found this was not always the case. In particular, overconfident people – those who believed their financial knowledge was higher than it actually was – reported being more tolerant of risk. There was no evidence overconfidence made them more susceptible to scams or fraud.

 ·         Loneliness in tandem with low cognition can lead to poor decisions. A third study found loneliness, on its own, generally doesn’t appear to result in poorer decision making. However, loneliness in older people with low cognition may result in poor financial (and healthcare) decisions. The study accounted for differences in depressive symptoms, social network size, medical conditions, and income.

Financial decisions often become more complex as we get older. From retirement plans to estate plans, and from the cost of prescription drug benefits to the expense of chronic disease management, older Americans are asked to weigh outcomes and make financial (and healthcare) decisions. Being financial literate can help – and so can understanding the factors that may affect decision making as we age.

Weekly Focus – Think About It 

“It’s paradoxical that the idea of living a long life appeals to everyone, but the idea of getting old doesn’t appeal to anyone.”
 –Andy Rooney, American television writer

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Investment advice offered through Research Financial Strategies, a registered investment advisor.
* This newsletter and commentary expressed should not be construed as investment advice.
* Government bonds and Treasury Bills are guaranteed by the U.S. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.  However, the value of fund shares is not guaranteed and will fluctuate.
* Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate and credit risk as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity, and redemption features.
* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index.
* All indexes referenced are unmanaged. The volatility of indexes could be materially different from that of a client’s portfolio. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment. You cannot invest directly in an index.
* The Dow Jones Global ex-U.S. Index covers approximately 95% of the market capitalization of the 45 developed and emerging countries included in the Index.
* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
* Gold represents the afternoon gold price as reported by the London Bullion Market Association. The gold price is set twice daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy ounce.
* The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
* The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.
* The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an index representing 30 stock of companies maintained and reviewed by the editors of The Wall Street Journal.
* The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ system.
* International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in emerging markets.
* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
* Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
* Past performance does not guarantee future results. Investing involves risk, including loss of principal.
* The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee it is accurate or complete.
* There is no guarantee a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
* Asset allocation does not ensure a profit or protect against a loss.
* Consult your financial professional before making any investment decision.
* To unsubscribe from the Weekly Market Commentary please reply to this e-mail with “Unsubscribe” in the subject.

 

Investment advice offered through Research Financial Strategies, a registered investment advisor.

 

Sources:
https://www.bls.gov/news.release/cpi.t01.htm
https://www.bls.gov/ppi/ppifaq.htm#1
https://www.bloomberg.com/news/articles/2021-04-09/u-s-producer-prices-increased-by-more-than-forecast-in-march (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/04-12-21_Bloomberg-US_Producer_Prices_Increased_by_More_than_Forecast_in_March-Footnote_3.pdf)
https://www.c-span.org/video/?510608-1/federal-reserve-chair-jerome-powell-discusses-global-economic-policy (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/04-12-21_C-Span-Federal_Reserve_Chair_Powell_on_Global_Economic_Policy-Footnote_4.pdf)
https://finance.yahoo.com/quote/%5EGSPC?p=%5EGSPC
https://www.barrons.com/articles/global-stocks-mixed-as-bond-yields-creep-up-and-china-inflation-spikes-higher-51617962327 (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/04-12-21_Barrons-Stocks_Close_at_New_Highs_as_Inflation_Readings_Top_Forecasts-Footnote_6.pdf)
https://nationaldaycalendar.com/april-monthly-observations/
https://www.treasury.gov/about/organizational-structure/offices/domestic-finance/documents/exec_sum.pdf
https://www.finrafoundation.org/sites/finrafoundation/files/confidence-in-financial-literacy-and-cognitive-health-in-older-persons_1.pdf
https://www.finrafoundation.org/sites/finrafoundation/files/does-overconfidence-increase-financial-risk-taking-in-older-age_0.pdf
https://www.finrafoundation.org/sites/finrafoundation/files/relation-loneliness-cognition-financial-decisions.pdf
https://www.goodreads.com/quotes/tag/aging

Trending Now-2021-S&P Hits 4000

Stimulus Bill Analysis

The New Stimulus Bill

President Biden just signed another stimulus bill, aimed to help those affected by the virus (and to deal with a few other matters found in the 5,593 pages of legislation).

So discerning investors might ask two questions: (1) What’s in it? and (2) What’s in it for me?

What’s in It?

Totaling $1.9 trillion, the American Rescue Plan Act of 2021 features jobless help, child tax credits, stimulus checks, vaccine-distribution money, healthcare subsidies, and aid for struggling restaurants.

A Mountain of Money Is on Its Way

As of March 29, 2021, the IRS and the Department of the Treasury have sent out 127 million checks for $1400 each. And 30 million more checks are on their way.[1] These checks will hit the mailboxes or bank accounts of adults, children, and adult dependents such as college students and elders. Adult dependents didn’t receive checks the last time around, so that’s good news for some college students and elders.

What’s in It for Me?

So who’s scooping up all these checks?

An individual filer who earns $75,000 or less — or joint filers earning $150,000 or less — plus members of their household will receive a check for $1400 each.[2]

Also, those who file as heads of households may earn up to $112,500 and still receive a full payment.

But the money disappears quickly: an individual who earns $80,000 or a couple who earn $160,000 will find their mailboxes empty.[3]

What Income Numbers Does the IRS Use?

The key number is your adjusted gross income. If you’ve already filed your taxes for 2020, the IRS will use that number. If you haven’t filed yet, then your 2019 adjusted gross income will govern.

But the true governing number is your adjusted gross income this year. Thus, if you’ll earn less this year than last, and this year’s total puts you under the limits, you’ll be able to claim missing payments on next year’s tax return.[4]

Adjusting Your Adjusted Gross Income

Some legal ways can help you slide just under the $75,000 and $150,000 limits. You can contribute more to certain tax-favored retirement or health savings accounts and lower your adjusted gross income. Or if you’re thinking of selling stock or other taxable asset at profit this year, you can wait until next year. Then, using this year’s adjusted gross income, you can zero in on that “missing payments” bonanza.

Other Goodies

The new stimulus law extends enhanced unemployment benefits through September 6. Thus, those who claim jobless benefits will get $300 each week in addition to the payments they get from the state.[5]

Also, under the new law, some unemployment income now escapes taxation. An individual earning less than $150,000 can shield $10,200 in unemployment benefits. Married couples who both received unemployment can shield $20,400. But the $150,000 limit still applies.[6]

Upping the Child Tax Credit

The child tax credits go up for one year under the new law. Children under 6 — $3600. Between 6 and 17 — $3000. One-half of the credit is available as advance monthly payments the IRS will start sending to families this coming July.[7]

Phaseouts for this benefit begin at $75,000 of single filers, at $112,500 for heads of households, and at $150,000 for joint filers. But phased-out individuals who earn less than $200,000 ($400,000 for married couples) can still claim the customary $2000 child credit.[8]

Health Costs Drop

The cost of health insurance will drop on health exchanges. Under current rules, if you buy health insurance on the federal exchange or on state marketplaces (for two years), your cost is limited to 9.78% of your income. Now that percentage drops to 8.5%. Your costs will thus go down.[9]

Complexities Galore

An already complex tax code continues to get, as Alice would say, “curiouser and curiouser.” Many rules have changes. Uncertainty swirls around the heads of millions of tax experts and CPAs. The IRS will have to step forward and issue guidance on many of the gray areas.

Of course, all of this takes place while bill drafters on Capitol Hill prepare a slew of suggested tax hikes. Meanwhile, the economy doesn’t know which way to go. Optimistic estimates predict an economy that grows 6.5% this year. If that happens, then IRS coffers will overflow — even though federal spending will far exceed tax receipts. If the good times do roll, tax increasers will be licking their chops.

So now, quite obviously, is a good time to start planning ahead.

Give Me a Call

Although we don’t pretend to be tax experts and although we don’t give out tax advice, we always stand ready to guide you with your investments. Sales of stock or sales of other appreciated assets will affect tax exposure now and in the future. We can certainly help guide you in these decisions on holding or selling various assets.

My cell phone stands ready — 240-401-2355.

Always feel free to call me personally.

Sincerely,

Jack Reutemann, Jr. CLU, CFP®​

Weekly Market Commentary 4.12.2021

Weekly Market Commentary 4/5/2021

How Are Your Investments Doing Lately?  Receive A Free, No-Obligation 2nd Opinion On Your Investment Portfolio >

Weekly Financial Market Commentary

April 5, 2021

Our Mission Is To Create And Preserve Client Wealth

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 scale of economic stimulus, and not only from the [Federal Reserve]. One big fiscal package seems set to follow another. A $1.9trn package has barely passed and a $3trn infrastructure bill is mooted,” reported The Economist.

Economic recovery has helped push stock prices higher, and concerns about inflation have pushed bond yields higher. Here are a few highlights from the first quarter of 2021:

Vaccination nation
Vaccine debates pepper small talk. Social media posts feature tips about finding appointments, as well as inoculation selfies and photos of vaccine cards. So far, about 31 percent of Americans have received one dose of a vaccine and 18 percent are fully vaccinated, reported the Centers for Disease Control.

Confident consumers
Vaccine progress, in tandem with stimulus payments and easing business restrictions, helped lift consumer confidence. The Conference Board Consumer Confidence Index® rose from 88.9 in January to 90.4 in February. The March number exceeded even the most optimistic economic forecasts, reported Payne Lubbers of Bloomberg, rising to 109.7.

Jobs, jobs, jobs
In March, the employment report exceeded expectations, too. The U.S. Labor Department reported 916,000 new jobs were created. That was higher than the 675,000 jobs forecast by a Dow Jones survey of economists, reported Jeff Cox of CNBC. Leisure and hospitality sectors, which were hard hit by the pandemic, were job gain leaders in February and March.

An improving rate of job creation was welcome news. By government measures, the unemployment rate was about 6 percent. However, in early March, Treasury Secretary Janet Yellen told PBS News Hour, “We still have an unemployment rate that, if we really measure it properly, taking account of all the four million people who’ve dropped out of the labor force, it’s really running at 10 percent.”

Bond yields rise
For more than a decade, professional money managers have been predicting the end of the 40-year bull market in bonds – and they have been wrong. Since 1981 when rates on 10-year Treasuries were almost 16 percent, Treasury rates have trended lower.

That changed during the first quarter. Alexandra Scaggs of Barron’s reported:

“The Treasury market just posted its worst quarterly performance in more than 40 years, with investors betting on a strong U.S. economic recovery from COVID-19…In theory, the selloff in Treasuries should have left markets that trade at a yield premium to Treasuries, such as corporate debt, in a better position…Yet higher-rated and safer corporate bonds posted losses for the quarter as well, because of their high levels of duration or sensitivity to Treasury yields.”

Stock market boom
During the first quarter, sectors that were unloved in 2020 gained favor. In the Standard & Poor’s (S&P) 500 Index, Energy, Financials, and Industrials delivered double-digit gains, reported Carleton English of Barron’s. Major U.S. stock indices finished the quarter higher.

The stock boom also included tremendous enthusiasm for so-called meme stocks (inexpensive stocks with relatively weak fundamentals) which realized gains because of investors’ enthusiasm rather than intrinsic value, reported Bailey Lipschultz of Bloomberg.

How many ways can you say money?
Slang is used by groups of people to distinguish themselves from other groups. Sometimes, slang terms become so well known, they are adopted for general use. See what you know about money slang by taking this brief quiz.

  1. In Australia, the smallest coin in value and physical size is known as:
    1. Shrapnel
    2. Toonie
    3. Bob
    4. Dosh

 

  1. Which of the following foods is not a slang term for money?
    1. Cabbage
    2. Chips
    3. Cheddar
    4. Pickles

 

  1. In the 1800s, the name of an American political party included a slang term for money. What was it called?
    1. Spondilux Party
    2. Long Green Party
    3. Greenback Party
    4. Moolah Party

 

  1. If you wanted to say, “one dollar,” which term would you choose?
    1. Benjamin
    2. Simoleon
    3. Yard
    4. Sawbuck

 

 

Quiz Answers:

  1. A – Shrapnel
  2. D – Pickles
  3. C – Greenback Party
  4. B – Simoleon

 

Weekly Focus – Think About It
“Slang is a language that rolls up its sleeves, spits on its hands, and goes to work.”
–Carl Sandburg, American poet, journalist, and editor

 

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Investment advice offered through Research Financial Strategies, a registered investment advisor.
* This newsletter and commentary expressed should not be construed as investment advice.
* Government bonds and Treasury Bills are guaranteed by the U.S. government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.  However, the value of fund shares is not guaranteed and will fluctuate.
* Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate and credit risk as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity, and redemption features.
* The Standard & Poor’s 500 (S&P 500) is an unmanaged group of securities considered to be representative of the stock market in general. You cannot invest directly in this index.
* All indexes referenced are unmanaged. The volatility of indexes could be materially different from that of a client’s portfolio. Unmanaged index returns do not reflect fees, expenses, or sales charges. Index performance is not indicative of the performance of any investment. You cannot invest directly in an index.
* The Dow Jones Global ex-U.S. Index covers approximately 95% of the market capitalization of the 45 developed and emerging countries included in the Index.
* The 10-year Treasury Note represents debt owed by the United States Treasury to the public. Since the U.S. Government is seen as a risk-free borrower, investors use the 10-year Treasury Note as a benchmark for the long-term bond market.
* Gold represents the afternoon gold price as reported by the London Bullion Market Association. The gold price is set twice daily by the London Gold Fixing Company at 10:30 and 15:00 and is expressed in U.S. dollars per fine troy ounce.
* The Bloomberg Commodity Index is designed to be a highly liquid and diversified benchmark for the commodity futures market. The Index is composed of futures contracts on 19 physical commodities and was launched on July 14, 1998.
* The DJ Equity All REIT Total Return Index measures the total return performance of the equity subcategory of the Real Estate Investment Trust (REIT) industry as calculated by Dow Jones.
* The Dow Jones Industrial Average (DJIA), commonly known as “The Dow,” is an index representing 30 stock of companies maintained and reviewed by the editors of The Wall Street Journal.
* The NASDAQ Composite is an unmanaged index of securities traded on the NASDAQ system.
* International investing involves special risks such as currency fluctuation and political instability and may not be suitable for all investors. These risks are often heightened for investments in emerging markets.
* Yahoo! Finance is the source for any reference to the performance of an index between two specific periods.
* Opinions expressed are subject to change without notice and are not intended as investment advice or to predict future performance.
* Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
* Past performance does not guarantee future results. Investing involves risk, including loss of principal.
* The foregoing information has been obtained from sources considered to be reliable, but we do not guarantee it is accurate or complete.
* There is no guarantee a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
* Asset allocation does not ensure a profit or protect against a loss.
* Consult your financial professional before making any investment decision.
* To unsubscribe from the Weekly Market Commentary please reply to this e-mail with “Unsubscribe” in the subject.

 

Investment advice offered through Research Financial Strategies, a registered investment advisor.

 

Sources:
https://www.economist.com/finance-and-economics/2021/03/27/the-fed-and-the-bond-markets (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/04-05-21_TheEconomist-The_Fed_and_the_Bond_Markets-Footnote_1.pdf)
https://covid.cdc.gov/covid-data-tracker/#vaccinations
https://conference-board.org/data/consumerconfidence.cfm
https://www.conference-board.org/blog/podcasts/The-Conference-Board-US-Consumer-Confidence-Increases-Again-In-February
https://www.bloomberg.com/news/articles/2021-03-30/u-s-consumer-confidence-surged-to-one-year-high-in-march (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/04-05-21_Bloomberg-US_Consumer_Confidence_Surges_to_One-Year_High_on_Job_Optimism-Footnote_5.pdf)
https://www.bls.gov/news.release/empsit.nr0.htm
https://www.cnbc.com/2021/04/02/us-jobs-report-march-2021.html
https://www.pbs.org/newshour/show/treasury-secretary-janet-yellen-on-the-need-to-go-big-with-covid-relief
https://fred.stlouisfed.org/series/DGS10 (Choose ‘Max’ for time frame)
https://www.barrons.com/articles/the-treasury-market-just-had-its-worst-quarter-since-1980-51617299808?mod=article_inline (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/04-05-21_Barrons-The_Treasury_Market_Just_Had_Its_Worst_Quarter_Since_1980-Footnote_10.pdf)
https://www.barrons.com/articles/this-torrid-market-still-has-plenty-of-room-to-run-51617401817?refsec=the-trader (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/04-05-21_Barrons-This_Torrid_Market_Still_Has_Plenty_of_Room_to_Run-Footnote_11.pdf)
https://www.bloomberg.com/news/articles/2021-04-03/as-meme-stock-mania-fizzles-wall-street-sees-big-reckoning (or go to https://resources.carsongroup.com/hubfs/WMC-Source/2021/04-05-21_Bloomberg-As_Meme_Stock_Mania_Fizzles_Wall_Street_Sees_Big_Reckoning-Footnote_12.pdf)
https://en.wikipedia.org/wiki/Slang_terms_for_money
https://en.wikipedia.org/wiki/Greenback_Party
https://www.dailywritingtips.com/50-slang-terms-for-money/
https://www.brainyquote.com/quotes/carl_sandburg_106338

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