Bit of a roller coaster last week as inflation fears returned to the foreground. Things calmed down a little bit on Friday, allowing stocks to recoup some of their losses.
“…on Friday, equities of all stripes got a boost when the US Nonfarm Payroll Report came in significantly below expectations, calming inflation fears…”
Rates and commodity prices moved higher last week, while most bond and equity prices moved lower. Economic news was all good, including consumer confidence, durable goods orders, home prices, jobless claims, and of course, that hefty Q1 GDP print of +6.4% q/q annualized.
Risk assets rallied around the world last week, with equities, bonds, andcommodities all moving higher. In US equity markets, the Dow and S&P 500both finished the week at fresh all-time highs, while the Nasdaq closed lessthan 1% off of the high set back in February. Small and midcap indices delivered strong performance on the week, […]
Albion Financial Group is proud to announce and celebrate the firm’s newest Certified Financial Planner®. Financial Planners are engaged in the detailed aspects of the financial advising relationship. Their efforts make it possible for our clients to seamlessly envision and plan for a variety of prospective scenarios. Their contribution to the team is essential as […]
Albion Senior Wealth Advisor Michelle Buxton was a guest on Park City’s NPR radio affiliate KPCW discussing the role of tax deferred accounts (IRAs, Roth IRAs, 401Ks, 403Bs, etc) yesterday. With the IRS pushing back the tax deadline this year, investors have more time to contribute to their IRAs. Michelle also reflects on some of […]
US large cap stocks were strong last week, with all sectors in the S&P 500posting positive returns except for energy. The Dow (33,801) and S&P (4,129) both closed at record highs on Friday, while the Nasdaq remains slightly below its high from mid-February. Results were mixed in other segments of the market, with US midcaps […]
Equities posted solid returns last week, led by large cap technology stocks. The S&P 500 reached a new all-time high on Thursday, closing above 4,000 for the first time.
Equities were mixed last week as the world watched the Suez Canal drama unfolding. Most sectors generated positive returns allowing the S&P 500 and the Dow to finish the week higher, while price declines in some large-cap communications names pulled the Nasdaq lower. Small caps were also lower on the week, as were many international […]
Tough week for oil prices and energy stocks last week; investors have become increasingly concerned about a demand shock as parts of Europe institute new lockdowns to combat rising covid-19 case counts. Meanwhile, incoming economic data was mixed. Most importantly though, the Fed reiterated its commitment to keeping rates at zero and maintaining asset purchases until substantial further progress has been made towards full employment. Enjoy!