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April 2021

A Good Friday – April 5th, 2021

Markets rose this week as consumer confidence rose, manufacturing PMI numbers impressed, and nonfarm hiring beat expectations. Hiring was especially strong, beating expectations by over 250K. The economy seems well positioned to perform exceptionally in 2021 based on the most recent economic data. New COVID-19 […]

March 2021

The Start of Spring – March 29th, 2021

Markets were mixed this week as unemployment claims fell, inflation was steady, and Q4 GDP was revised upward to 4.3%. Durable goods orders and new home sales disappointed, but the extreme weather conditions in the southern U.S. in February caused extreme disruption in both sectors, […]

Markets Lose Energy – March 22nd, 2021

Markets fell this week as unemployment claims and retail sales disappointed. Manufacturing and housing both continue to show expansionary readings, but headwinds may be starting to diminish both industries as costs for materials and prices paid for inputs continue to rise quickly. Further price inflation […]

Three Cheers for Equities – March 15th, 2021

Markets rose this week as unemployment claims and consumer sentiment both beat expectations. Improvements in both indicators likely helped lift the SP500 index the closest it has ever been to the 4000 mark. Also taking place on Thursday was the official passage of the new […]

Another Round of Stimulus – March 8th, 2021

Markets rose this week as non-farm payroll hiring in February beat expectations. Net hiring came in at 397K when consensus expectations were for net hiring to come in at 197K. PMI numbers were also encouraging, with both the services and manufacturing sectors remaining firmly in […]

Confidence Rises – March 1st, 2021

Markets fell this week even as economic data was largely positive. Consumer confidence rose, while durable goods orders and unemployment claims both beat analyst expectations. On the federal stimulus front, it appears that a bill is likely to pass through congress over the coming weeks. […]

February 2021

Strong Data – February 22nd, 2021

Markets were mixed this week as a wide range of positive economic data was released. Retail sales crushed analyst expectations, coming in at 5.3% month over month growth. Additional good news came in the form of better than expected manufacturing data and PMI data. The […]

More Stimulus – February 8th, 2021

Markets rose this week in spite of disappointing hiring in January. Economists expected hiring at 85K, but the actual figures came in at 49K. In positive news, PMI numbers from the services and manufacturing sectors remain firmly in expansionary territory, helping support market optimism. Equities […]

Market Mayhem – February 1st, 2021

Markets fell this week as Q4 GDP numbers came in slightly under expectations. Economists expected growth of 4.2%, but the actual figure of 4.0% disappointed a hopeful market. While 4.0% growth came in under expectations, it’s worth recognizing the speed of the economic recovery. In […]

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