The Independent Market Observer

What Does the COVID Surge in India Mean for the Global Recovery?

May 7, 2021

India is in the midst of a brutal second wave of COVID-19, with the situation continuing to deteriorate by the day. While the human toll is massive, the economic impact is also not insignificant. At the start of 2021, India was expected to be one of the fastest-growing major economies in the world. Now, it is expected to succumb to a massive economic shock.

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Medical Risks Rolling Over, Economy Accelerating

May 6, 2021

April was a good month. While it started with what looked like another wave of infections, by month-end, we were back at recent lows for both case growth and positive test rates. Vaccinations have now hit a substantial part of the population, and that looks to have controlled the virus. The medical risks are still real, but they are now about whether and when we hit herd immunity, rather than whether we have a fourth wave. This is significant progress and means the medical risks are low and likely to decline further over the next month.

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Looking Back at the Markets in April and Ahead to May 2021

May 5, 2021

If the month of March was a turning point (and it was), the month of April demonstrated that March was not a fluke. The data showed we have really turned the corner in many ways. In April, the fourth wave of the pandemic started—and then fizzled out, resulting in much lower infection rates to end the month. Layoffs tumbled and consumer confidence rose to pre-pandemic levels. Markets rallied to all-time highs once again. In April, things got better across the board.

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Monday Update (on Tuesday): Consumer Confidence Climbs in April

May 4, 2021

Last week saw the release of a number of important economic data reports. Better-than-expected consumer confidence and personal spending reports served as the week’s highlights. This week will be another busy one for news, with the focus on April’s business confidence and employment reports.

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Market Thoughts for May 2021 [Video]

May 3, 2021

April was a good month for the markets. The S&P 500 and Nasdaq gained more than 5 percent, while the Dow was up almost 3 percent. These returns were driven, in part, by the medical news, with new case counts, hospitalizations, and deaths all down. While the medical risks declined, reopening accelerated. Job growth rose, and weekly layoffs dropped. Consumer confidence and spending also improved.

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