January 2021

Housing Continues to Soar – January 25th, 2021

Markets rose this week as the most recent housing numbers impressed analysts. Building permits, housing starts, and existing home sales all beat expectations, while the NAHB housing index remains firmly in expansionary territory. In other good news, PMI numbers on both the service and manufacturing […]

New All Time Highs – January 11th, 2021

Markets rose to all time highs this week even as December hiring numbers disappointed. Consensus expectations were for positive hiring in the 50K range, but came in negative at -140K. The official unemployment rate fell further, ending 2020 at 6.7%. Encouragingly, December PMI data impressed […]

December 2020

Holiday Cheer – December 21st, 2020

Stocks rose this week as the federal government was reportedly near to passing a second stimulus package. Proponents for stimulus have argued that a new stimulus package was absolutely critical and that the recovery would stall or even reverse without it. Congress agreed to pass […]

Holiday Slows in November – December 7th, 2020

Stocks rose this week even as nonfarm payrolls came in well under expectations in November. Markets continue to be encouraged by the progress in COVID-19 vaccine situation, and many countries will begin administering vaccines this month. Globally, COVID-19 infections continue to increase, underscoring the positive […]

An Unfamiliar Holiday Spirit – November 30, 2020

Thanksgiving week has come and gone, officially kicking off the Christmas season. Stocks rose this week as markets continue to be encouraged by the progress in COVID-19 vaccine trials. Globally, COVID-19 infections continue to increase. New daily infections in the U.S. remain stubbornly above 100K. […]

November 2020

The Vaccine Horse Race – November 23rd, 2020

Stocks were mixed this week as pharmaceutical company Moderna became the second company in as many weeks to have a high success rate with their COVID-19 vaccine trials. Globally, COVID-19 infections continue to increase. New daily infections in the U.S. remain above 100K. Economic data […]

Vaccine Hopes Increase – November 16th, 2020

Stocks climbed significantly this week as Pfizer announced a high success rate with their COVID-19 vaccine trials. Good news on the battle front against the pandemic was warmly welcomed as COVID-19 infections continue to increase, with new daily infections in the U.S. remaining above 100K. […]

Election Week In the Rearview – November 9th, 2020

Stocks climbed significantly this week as the U.S. presidential election has been called for Democratic candidate Joe Biden. COVID-19 infections continue to increase, with new daily infections rising above 100K for the first time. Economic data impressed this week with manufacturing data, official unemployment rates […]

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