Economic update for the week ending June 26, 2021

Stock markets surged – S&P closed at record highs – Stock markets rallied and recovered from last week’s loses. Early in the week stocks rallied after Fed Chairman Jerome Powell stated that the Fed considered the current inflationary period transitory. He explained that comparing current prices to prices from one year ago when we were experiencing ...

Economic update for the week ending April 24, 2021

Stocks markets ended the week slightly lower – After weeks of record gains investors took profits and stocks closed just slightly off last week’s record highs. The Dow Jones Industrial Average closed the week at 34,043.49, down 0.46% from 34,200.67 last week. It is up 11.1% year-to-date. The S&P 500 closed the week at 4,180.17, down 0.14% from 4,185.87 last week. It ...

Economic update for the week ending March 27, 2021

Stock markets – Stocks rallied this week after Treasury Secretary, Janet Yellen, and Federal Reserve Chairman, Jarome Powell testified in congress. They suggested that inflation fears are not a serious threat. This pushed interest rates down for the first time in several weeks. The U.S. has also seen a dramatic decrease in COVID-19 cases, and a ramping ...