All indices continue to move higher, fueled in part by favorable vaccine news. Economic reports are still mixed and unemployment is still very high. More geopolitical issues and S.945 - Holding Foreign Companies Accountable Act adds a new twist.
Is there a silver lining? Energy is the one sector that outperformed last week. Gasoline prices still below 52 week average. Yes, unemployment is at 14.7%, however, the GOOD NEWS is that 80% consider it temporary. Have a great week!
Another week in quarantine with mixed results. Emerging markets rise against the Dollar. Does "Sell in May and go away" still ring true? 1st Quarter Economic reports are bleak. Where will unemployment go? Check it out here.