Featured News

More Articles  Printer Friendly Version

 

Amid Strong Crosscurrents, Stocks Sank 2.5% This Past Week

4887 2

With bond yields rising to pre-Covid levels, it was no big surprise when stocks weakened this past week.

While stock market volatility is unpredictable, it is understandable in this time of strong crosscurrents.

4887 3

The index of U.S. Leading Economic Indicators rose again in January, while disposable income and savings spiked on stimulus payments from the government to consumers. However, the yield on a 10-year U.S. Treasury bond continued rising and resulted in a one-week loss in the Standard Poor’s 500 stock index of 2.47%.

4887 4

Rising bond yields, the growing threat of inflation, federal aid packages in the trillions, and the pandemic are strong crosscurrents whipping stock prices. Volatility should be expected by investors navigating for the long-term.

The Standard & Poor’s 500 stock index closed Friday at 3,811.15. The index lost -0.48% from Thursday and is down -2.47% from last week. Stock prices are up +52.03% from the March 23rd bear market low.

Nothing contained herein is to be considered a solicitation, research material, an investment recommendation, or advice of any kind, and it is subject to change without notice. Any investments or strategies referenced herein do not take into account the investment objectives, financial situation or particular needs of any specific person.  Product suitability must be independently determined for each individual investor. Tax advice always depends on your particular personal situation and preferences.  You should consult the appropriate financial professional regarding your specific circumstances. The material represents an assessment of financial, economic and tax law at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. Forward-looking statements are subject to certain risks and uncertainties. Actual results, performance, or achievements may differ materially from those expressed or implied. Information is based on data gathered from what we believe are reliable sources. It is not guaranteed as to accuracy, does not purport to be complete, and is not intended to be used as a primary basis for investment decisions. This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.


Email this article to a friend


Index
Retail Sales, Housing Starts, And Stocks Rocket Higher
The Fed Is Not Braking The Boom Anytime Soon
A Black Swan Event And Higher Taxes Persist As Financial Risks Amid The Boom
What You Need To Know Right Now To Manage Your Wealth 
Economic Expectations Improved Almost Overnight
Investors Beware: The Asset Valuation Paradigm Changed
Fed Says It Will Stick To Its Plan, As Bond Yield Rises
A New Rover Landed On Mars And Stocks Closed Lower For The Week
Ironically, Amazon Profits By Perpetuating Stock Bubble Myth
Stocks Closed At A New Record High: Can The Party Last?
Don't Fall For It
Housing Boomed Again In December
The Bad And Good Financial News This Week
Stocks Set New High Closing Price Amid Turbulence
Stocks Gained +16% in 2020; Wall Street Expects +7.6% In 2021

This article was written by a professional financial journalist for Blattel & Associates and is not intended as legal or investment advice.

©2021 Advisor Products Inc. All Rights Reserved.

The articles and opinions on this site are for general information only and are not intended to provide specific advice or recommendations for any individual. We suggest that you consult your advisor with regard to your individual situation.
All summaries/prices/quotes/statistics presented here have been obtained from sources we believe to be reliable, but we cannot guarantee its accuracy or completeness. Past performance is no guarantee of future results.
When you access certain links on the Blattel & Associates website you may leave this website. We do not endorse the content of such websites nor the products, services or other items offered through such websites. Any links to other sites are not intended as referrals or endorsements, but are merely provided to the users of the Blattel & Associates website for convenience and informational purposes.
Robert Blattel is a CERTIFIED FINANCIAL PLANNERTM practitioner. The partners of Blattel & Associates are not registered in all states. Please contact us to verify availability in your state. This is not an offer to buy or sell any security.
CFP® and CERTIFIED FINANCIAL PLANNERTM are certification marks owned by the Certified Financial Planner Board of Standards, Inc. These marks are awarded to individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.
Securities and Investment Advisory Services offered through Cutter & Company Brokerage, Inc., 15415 Clayton Road, Ballwin, Missouri 63011 * (636) 537-8770. Member FINRA/SIPC.
Privacy Policy can be read at http://www.cutterco.com/privacypolicy.htm.