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August 2021

August Winds Down – August 30th, 2021

Equity markets were positive this week as the Jackson Hole symposium drew to a close. Fed Chair Powell’s contribution was encouraging to markets, as he reiterated further the Fed position that inflation will be largely transitory. On the negative side, consumer sentiment continues to sag. […]

August 2021 Market Update

 

In this month’s market recap, we review the performance of various asset classes and the driving factors behind this performance. We also discuss the most up to date analysis of our proprietary economic model – Recession Probability Analytics. To watch this update, click the […]

Sulking Consumers – August 16th, 2021

Markets were mixed this week as low consumer sentiment surprised analysts. The University of Michigan consumer sentiment index came in well under expectations, highlighting renewed economic fears surrounding inflation and the spread of COVID-19. CPI numbers continue to come in high, showing substantial upward price […]

Hot July – August 9th, 2021

Markets were up this week as nonfarm payroll numbers impressed analysts. July’s hiring figures came in at 943K, pushing the official unemployment rate down to 5.4%. PMI numbers continue to show expansion, revealing a mostly healthy business environment. COVID-19 cases have been rising nationally again, […]

Quarterly Performance – August 2nd, 2021

Markets were mixed this week as Q2 GDP numbers disappointed analysts. Expectations were for growth to come in around 8.5% annualized, but growth registered just 6.5%. To be clear, 6.5% is incredible quarterly growth, but an expectations miss in growth projections of more than 20% […]

July 2021

Mid Summer Heat – July 26th, 2021

Markets rose this week as PMI data continues its streak of expansionary readings. Economic data was still mostly disappointing for the week, with housing indicators and unemployment claims coming in under expectations. COVID-19 cases have been rising nationally again, with most new cases being attributed […]

Powell Fails to Fully Convince – July 19th, 2021

Markets fell this week as markets grappled with a recovery that is looking more and more uncertain. Economic data was mixed, with disappointing readings coming from consumer sentiment along with industrial production, both of which came in under expectations. Retail sales came in above expectations, […]

Birthday Week – July 12, 2021

Markets were mixed this week, with the S&P 500 reaching new all time highs. Economic data was mixed, as PMI data in the services sector disappointed, but manufacturing PMI data came in at expectations. Both readings remain firmly in expansionary territory. Unemployment claims came in […]

June 2021

Equities Climb – June 28th, 2021

Markets rose this week, reaching new all time highs. Economic data was mixed, with PMI data still showing expansionary readings while durable goods orders disappointed. Consumer sentiment indication was revised downward, while the PCE deflator index came in below expectations, likely reducing inflation concerns. Overall, […]

Fed Frenzy – June 21st, 2021

Markets fell this week as the outlook for Fed rate increases shifted. With inflation rising and the economy recovering at a brisk pace, the central bank is now expected to raise rates twice by the end of 2023. Retail sales also disappointed markets, missing expectations […]

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