Crude prices crossed the $80 per barrel last week, the highest level since 2014. The energy demand rebound from the depths of COVID-19 combined with global transport bottlenecks complicating fuel distributions has raised prices for oil, gas, and coal. The rebound helped energy stocks rally for the week while airline shares lagged due to higher fuel costs. Higher oil prices will provide additional upward pressure on inflation,
Crude Highest Since 2014 Read More »
Since 1950, the Dow Jones Industrial Average has averaged a 0.8% decline, and the S&P 500 had a 0.5% drop during September, according to Investopedia. This annual anomaly is named “The September Effect.” This September was no different. Last week, equities pulled back on inflation and interest rate fears to close the month in the red for major equity indexes.
Fears of financial contagion coming from Chinese developer Evergrande, the country’s second largest, sent stocks diving at the start of the week. By Thursday, the losses were reversed as investors became more confident that the damage was mostly limited to China.
Evergrande Losses Reversed Read More »
To the casual eye equity markets led by the S&P 500 index-free climbs past another record gain of 2.38% in July was anything but routine. With close scrutiny as the undertow from the economic skepticism from the delta variant and emerging markets uncertainty with China’s sudden stock market crackdown temporarily splintered the global recovery. What should have been a choreographed global economic recovery instead behaved like an economic slowdown from the composition of the equity and bond markets.
Monthly Performance Report August 2021 Read More »
Stocks finished the week lower on mixed economic data. Energy stocks gained for the week as storms in the Gulf of Mexico threatened to disrupt oil production while materials and utilities lagged. The August CPI came in lower than expected, supporting the Federal Reserve’s position that transitory factors are caused by rising prices.
Storms Stir Up Energy Stocks Read More »
Some investors fear a slowing economy, while others fear higher inflation. And some fear that both will happen, which is called stagflation. We might get an indication of which is the case this week with the August sales report and the Consumer Price Index (CPI) data.
Is it STAGFLATION? Read More »
It was a good week for equities as stocks hit new all-time highs once again. The Pfizer Vaccine’s full FDA approval helped sentiment early in the week before turning sad with the news of an attack at Kabul airport in Afghanistan. Investor sentiment ended on a high note with the Federal Reserve Chairman Powell on Friday.
Full FDA Approval Helps Sentiment Read More »
To the casual eye equity markets led by the S&P 500 index-free climbs past another record gain of 2.38% in July was anything but routine. With close scrutiny as the undertow from the economic skepticism from the delta variant and emerging markets uncertainty with China’s sudden stock market crackdown temporarily splintered the global recovery. What should have been a choreographed global economic recovery instead behaved like an economic slowdown from the composition of the equity and bond markets.
Monthly Performance Report July 2021 Read More »
Disappointing consumer confidence numbers and slumping retail sales data have investors worried that economic growth might have peaked. This week, we will have economic reports around manufacturing, services, home sale, personal income, and spending.
Retail Sales Slumping Read More »
A gloomier outlook reported by the University of Michigan index of consumer confidence released last Friday caused yields to fall.The spread of the delta variant of Covid has dampened the confidence of the consumer to the lowest level since 2011, according to Bloomberg.com.
Consumer Confidence Down Read More »
Limited space is available. Tee time is Friday, April 22 at 2 pm. Remember to book your hotel and air travel accordingly. Sowell will cover the cost to rent resort clubs, if needed.
You should receive a confirmation email shortly. Don’t forget to reserve your room through the unique Sowell hotel reservation page. You can extend your stay at the Sowell Summit reduced room rate.
