October 2020

Pandemic Saving

Vantage Financial welcomes guest contributions. Please know the information, opinions, and forecasts expressed in the article below are presented from unassociated parties and do not necessarily reflect the opinions of Vantage Financial Partners Limited. This article is shared as general information only and should not be considered advice.​

by Bob Veres with Insider Information

Monthly Markets Memo - October 27, 2020

World Money Small.jpgby Dan Zalipski, CFA 

Hope of a stimulus before the election is still up in the air.  The White House and House Democrats continue to negotiate, but Senate Majority Leader Mitch McConnell continues to cast doubt over the Senate’s willingness to support a large comprehensive package.  Despite this, Federal Reserve Chairman Jerome Powell continues to stress the need for additional fiscal stimulus to support the U.S. economy through the ongoing pandemic.  While economic concerns persist, market forecasts are starting to highlight a new challenge.

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.

Securities and Advisory services offered through LPL Financial. A registered investment advisor. Member FINRA & SIPC.

The LPL Financial representative associated with this website may discuss and/or transact securities business only with residents of the following states: IL

Website Design For Financial Services Professionals | Copyright 2021 AdvisorWebsites.com. All rights reserved