Stocks Post Modest Gains on Mixed Economic Data
Stock indices had modest gains this week with emerging markets posting the largest gains. Consumer spending increased, but durable goods orders fell. Unemployment claims fell to a new pandemic low. The Biden administration and Republicans have moved closer to an infrastructure deal but still remain far apart. Treasury yields fell with the 30-year bond yield […]
Thinking About, Thinking About
Stock indices ended the week mixed with developed foreign stocks posting modest gains and modest losses in the Dow Jones 30 Industrials. Stocks sold off Wednesday on weaker housing starts and the Federal Reserve’s April meeting minutes indicating that some FED officials want to discuss a plan to taper bond purchases in future meetings. While […]
Ransomware and Inflation Fears
It was a wild week in the markets with a selloff Monday through Wednesday. Wednesday saw an exceptionally large decline following a surprisingly large inflation number for April. Despite a strong recovery on Thursday and Friday, major indices ended the week modestly lower. Fed officials and most economists believe the spike in inflation is transitory […]
Jobs Dilemma
Markets rose on Monday but fell sharply on Tuesday following comments from Janet Yellen that the Fed may need to raise interest rates if President Biden’s $4BN in additional spending is approved, to prevent the economy from overheating. She later clarified her remarks to support the independence of the Federal Reserve and that she wasn’t […]
Jobs Dilemma
Markets rose on Monday but fell sharply on Tuesday following comments from Janet Yellen that the Fed may need to raise interest rates if President Biden’s $4BN in additional spending is approved, to prevent the economy from overheating. She later clarified her remarks to support the independence of the Federal Reserve and that she wasn’t […]
