And they are rolling again! All major markets ended higher last week. The S&P hit the 4000 level for the first time ever. Case-Shiller new home price index reached an all time high in January, however, pending home sales fell 10.6%. $2.3 Trillion Infrastructure Bill is introduced.
Major Markets end the last full week of the quarter mixed - the S&P did end on a positive note. The Suez Canal makes the news where the largest cargo ship, the Ever Given, got stuck in the sand causing 350-400 ships to be delayed.
What a difference a year makes- The Dow Jones set new intra-day highs every day last week and beat the S&P. Bonds were the biggest losers. The $1.9 Trillion Stimulus bill was signed last week. Consumer sentiment is the highest since March of last year. At Leap Wealth, we are continually evaluating the economic landscape to help our clients make financial decisions based on their goals. Contact us today to learn how we can help you! www.leapwealth.com
Intraweek volatility leads markets to finish mixed. The Nasdaq loses stream for the 3rd stratight week. The Energy Sector lead with just over a 10% gain for the week! Crude oil prices are nearing 2 year high. Are you feeling that at the gas pump? Fed Chairman Powell's comments caused some of the volatility just by being vague. Interest rates continued to climb. Emotions can be a major cause of volatility in the markets. We work to take the emotion out of investing by leveraging our process. Contact us today to learn more. www.leapwealth.com
Volatility returns! Most of the volatility is due to a spike in interest rates, but Federal Reserve Chair Jerome Powell is unfazed. He said the Federal Funds rate will not be raised at this time. Inflation is beginning to appear in some areas though, especially in the Food Price Index. The Energy Sector had a 4% gain last week due to crude oil prices, which impacts the prices of many goods and services. At Leap Wealth, we are helping our clients navigate these issues. Contact us today to learn more.
We have thawed out from the Deep Freeze but the markets were mixed. The Nasdaq gave up the most last week as Energy surges. Are we in for possible inflation? Interest rates went up impacting bond prices and some analysts believe we will see more inflation in the near future. Janet Yellen echoes sentiments of Jerome Powell that more stimulus is needed for the economy. How will this impact your investment strategies? Contact us to learn more about how we are helping our clients manage through these financial hurdles. www.leapwealth.com