THE WEEK IN REVIEW: April 18 – 24 Uneven return to normal Last week, we surpassed 200 million vaccine doses administered in the U.S. I will freely admit that I had my doubts that we would achieve 100 million doses in 100 days, as President Joe Biden had promised, even though we had 400 million…

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THE WEEK IN REVIEW: April 11 – 17 Nice start to earnings season pushes markets to new highs Markets continue to grind higher as the economy reopens, hospitalizations and deaths plummet, vaccinations become more widespread and unemployment claims drop. Simultaneously, economic data seems to keep getting stronger and earnings appear to be good. U.S. consumers…

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THE WEEK IN REVIEW: April 4 – 10 Blowout jobs number on Good Friday lights the fuse Despite markets being closed on April 2 in celebration of Good Friday, we still got the Bureau of Labor Statistics (BLS) employment situation for March 2021. Expectations for the “jobs report” were for +675,000 new jobs in March,…

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THE WEEK IN REVIEW: March 28 – April 3 Another multitrillion dollar deal? President Joe Biden announced his new infrastructure plan last week, which is expected to clock in at $2.25 trillion. The proposal is on the heels of last month’s $1.9 trillion stimulus package. In his first 2+ months of presidency, Joe Biden is…

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THE WEEK IN REVIEW: March 21 – 27 Powell hints at pullback Federal Reserve Chairman Jerome Powell spooked markets last week with hints about removing Fed support from the economic recovery process. During his comments Thursday, he noted that Congress’ financial help plus vaccine distribution boosted recovery faster than anticipated. Powell also said that the…

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THE WEEK IN REVIEW: March 14 – 20 Low rates until 2023. That’s good, right? Federal Reserve Chairman Jerome Powell did his best Mario Draghi impersonation after last week’s Fed meeting, telling everyone what they wanted to hear but not really doing anything. There’s no inflation to fear and the Fed will keep rates at…

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THE WEEK IN REVIEW: Mar. 7 – 13 Big Tech comes marching back for now After briefly entering correction territory, the Nasdaq came roaring back in the middle of the week as fears of increasing rates took a back seat to the signing of the coronavirus stimulus package. There was some heavy selling Monday, driving…

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THE WEEK IN REVIEW: Mar. 1 – 7 Texas-size reopening Forget the hyped-up headline: Texas is truly reopening, along with Mississippi. No restrictions, no masks, no capacity limitations. This is what it was like exactly one year ago, remember? There were immediate concerns from some that these measures were premature and irresponsible, with President Joe…

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THE WEEK IN REVIEW: Feb. 21 – 28 Too much of a good thing? The market hit new highs mid-week on stimulus hopes, expectations for economic improvement and comments from Federal Reserve Chairman Jerome Powell that the Fed will keep rates low for an undisclosed period. That all sounds great, except when you start to…

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THE WEEK IN REVIEW: Feb. 14 – 20 Deadly cold in Texas The polar vortex that overwhelmed the power grid in Texas last week resulted in thedeaths of at least 47 people and millions without power. Most of the middle of the country was hit with extremely cold temperatures, but Texas bore the brunt. The…

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