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 - SEPTEMBER 29, 2020 The S&P 500 just had its best August since 1986. Much of the return during the month was driven by continued hopes for a Covid-19 vaccine. The Fed recently reiterated its intentions to keep rates low through 2023 as they believe the pandemic will continue to weigh heavily on economic activity. Negotiations for additional stimulus remain stalled with neither side indicating a willingness to compromise. Finally, a basket of leading economic indicators revealed that the economic recovery appears to be slowing down. It goes without saying that the pandemic has upended our world in more ways than one. The market is no exception, where some truly unusual circumstances are unfolding.
MARKET MINUTE - OCTOBER 13, 2020 September employment data was released earlier this month showing that the economy continues to add jobs but at a slower pace. According to the Bureau of Labor Statistics (BLS), nonfarm payroll employment increased by 661,000 last month with the unemployment rate coming in at 7.9%. The headline number missed economists’ expectations of 800,000 but as we have seen throughout the pandemic, forecasting has been difficult with such large numbers moving in both directions.
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