January 2021

Tax Bill Will Wait

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by Bob Veres with Insider Information

Monthly Markets Memo - January 26, 2021

World Money Small.jpgby Dan Zalipski, CFA 

2020 will be a year for the history books.  The extreme disruption the global economy experienced throughout the year due to the Pandemic was unprecedented.  We saw unemployment claims surge to levels never thought possible as local economies slammed the brakes to shelter-in-place.  The S&P 500 plunged 32% from its February peak to its March low.  Governments stepped in to provide support to help both businesses and individuals confront the challenge.  This kicked off a market rally in the face of extreme uncertainty, with the S&P 500 finishing 2020 at an all-time high, adding 18% from where it started the year.

Market Minute - January 12, 2021

by Scott Rosenquist, CFA​

Employment data for the month of December was released last week showing a decline of 140,000 jobs, the first negative number since April.  The unemployment remained unchanged at 6.7%. The COVID resurgence has led to new restrictions across the country and cold weather is keeping people indoors.  This is reflected in the job losses from the leisure and hospitality sector which dropped by 498,000.  There was job growth in professional and business services, construction, and retail but not enough to keep the headline number dipping into negative territory.

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