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In 1989 Vantage was an idea up for discussion in Michael’s living room. Fast forward from over
thirty years ago and we have grown into a talented team of individuals working together
to create your planning and investment strategy. Our mission is to help you feel a greater
sense of control over your financial future.
MONTHLY MARKETS MEMO - FEBRUARY 22, 2021 A majority of the S&P 500 companies have reported earnings for the last quarter of 2020. As we began 2021, analysts were expecting Q4 earnings to decline -6.8%, a year-over-year measurement. Somewhat unexpected, as of this writing, they are on track to increase 2.9%. Being a year-over-year measurement, this implies that corporate earnings, in aggregate, are above pre-pandemic levels. The recovery seems to be moving faster than anticipated.
MARKET MINUTE - FEBRUARY 10, 2021
Conventional economics tells us something that would seem to be obvious: when the government creates more money, there is more money available to buy things, and therefore the prices of things rise—and we get inflation. For some reason, this logical sequence of events seems not to be happening today. The amount of money in the U.S. economy is 25% higher than it was at the start of 2020—the fastest pace of growth since the U.S. Federal Reserve banking system was established in 1913. You can see from the chart that we have experienced steady growth of the money supply until around 2009, when the slope increased (remember the Great Recession?), and then in early 2020 the growth of dollars in the system made another dramatic shift upwards.
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