Market Commentary: S&P 500 Makes New Highs Amid Solid Breadth Even as Job Growth Weakens
The bull market rages on, as the S&P 500 moved to another new high last week, the first in the month of September and 21st overall on the year.
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Market Commentary: Federal Interest Rates Remain Low with No Increases Planned
The U.S. employment situation remains lackluster. Only 49,000 new jobs were created in January. Unemployment dropped but only because labor force participation fell from 63.4% to 61.4% (Figure 1). As COVID-19 cases have dropped this year, some improvement is expected in coming months. Vacc …
Market Commentary: Understanding ‘Short Squeezes’ and Last Week’s Intense Market Demands
The prices of a small set of heavily shorted stocks spiked last week as multiple factors conspired to create an intense demand for shares of some companies. The extreme move in prices has created a large gap between the current price and the price targets of even the most optimistic investors.
How the Biden Administration Could Impact Retirement and Tax Planning
Jamie Hopkins, Director of Retirement Research at Carson, offers insight as our country navigates changes after the inauguration.
5 Things to Watch in the First Quarter of 2021
Have you found yourself officing in a room with a bunk bed? Do you realize you’re going to the store in your pajamas and never leaving your car? Does going to the movies mean going to the living room to turn on the TV? Quarantine changed the world almost overnight, and the adjustment is so …
Market Commentary: Chinese GDP Grew in 2020; U.S. Corporations Outperform Q4 Expectations.
Chinese GDP grew 2.3% in 2020, making it the only major economy to grow last year. In the fourth quarter, the Chinese economy grew 6.5% as China continued to gain ground on the U.S. economy. The growth was led by strong performance in industrial production, which rose 7.3% in December, comp …
Market Commentary: Biden Proposes New Stimulus Package as Signs Point to Economic Slowdown
The signs of an economic slowdown continue. Initial jobless claims, which are released weekly, spiked to 965,000 last week. Claims increased by 181,000 and marked the highest weekly total since mid-August. Continuing claims increased 199,000, indicating those losing work are not finding new …
