The Independent Market Observer

Jobs Report Signals Good News for Economic Recovery

March 5, 2021

This morning, we got some very good news about the recovery. The headline number of the jobs report, with 379,000 jobs created, was excellent—and almost double the expected 200,000. This is good news. When you look into the details, the news is even better. Clearly, the reopenings around the country have made a big difference in the job market. Looking forward, that trend will give us a real tailwind as vaccinations accelerate.

Continue reading → Leave a comment

Looking Back at the Markets in February and Ahead to March 2021

March 3, 2021

February looks to have been the start of our recovery from the pandemic. The medical news improved markedly, and the vaccination deployment finally got traction. Consumer confidence and spending turned around, and business investment continued to improve. Markets moved up. It was a good month all around. While some areas of concern became apparent at month-end, the progress was real—and significant.

Continue reading → Leave a comment

Does Market Turbulence Make Sense?

February 26, 2021

We have had some turbulence in the market over the past couple of days. The bond market briefly seized up, with interest rates up by surprising amounts. This, in turn, shook the stock market, taking it down from the highs by about 4 percent for the S&P 500 and almost 8 percent for the Nasdaq. On top of all that, we have had events such as the ongoing GameStop show and the explosion of SPAC offerings. With everything that is going on, the recent pullback, and the signs of frenzy, is it time to worry? My take: not yet.

Continue reading → Leave a comment

Markets Hold Gains Despite Rising Rates

February 25, 2021

*I will be alternating the text and video versions of this update on a weekly basis. This week is text, next week will be video, and so forth. As always, thanks for reading and watching.

Continue reading → Leave a comment

Own the Future: Looking at a Growth Portfolio

February 24, 2021

I am sitting down with an advisor and a client this afternoon to discuss a portfolio. Usual enough. But in this case, the portfolio looks a bit different. It has a large number of individual stocks, most of which are in the tech space. Of course, it has done very well over the past year or more.

Continue reading → Leave a comment

What Do Higher Interest Rates Mean?

February 23, 2021

One of the most common types of questions I have gotten recently has been around interest rates. Rates are going up, and the concern has largely been whether this is a sign of pending inflation. As both my colleague Anu Gaggar and I have written recently, the answer is no, higher rates do not mean inflation is coming. They do mean several other things, however—some bad and some good.

Continue reading → Leave a comment

Economic News Showing Surprising Strength

February 18, 2021

*Starting next week, February 25, I’ll be publishing my coronavirus update every other week.

Continue reading → Leave a comment

Subscribe via E-mail

New call-to-action
Crash-Test Investing
Commonwealth Independent Advisor

Hot Topics

New Call-to-action

Conversations

Archives

see all

Subscribe

Disclosure

The information on this website is intended for informational/educational purposes only and should not be construed as investment advice, a solicitation, or a recommendation to buy or sell any security or investment product. Please contact your financial professional for more information specific to your situation.

Certain sections of this commentary contain forward-looking statements that are based on our reasonable expectations, estimates, projections, and assumptions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Past performance is not indicative of future results. Diversification does not assure a profit or protect against loss in declining markets.

The S&P 500 Index is a broad-based measurement of changes in stock market conditions based on the average performance of 500 widely held common stocks. All indices are unmanaged and investors cannot invest directly into an index.

The MSCI EAFE Index (Europe, Australasia, Far East) is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI EAFE Index consists of 21 developed market country indices.  

Third party links are provided to you as a courtesy. We make no representation as to the completeness or accuracy of information provided at these websites. Information on such sites, including third party links contained within, should not be construed as an endorsement or adoption by Commonwealth of any kind. You should consult with a financial advisor regarding your specific situation.

Member FINRASIPC

Please review our Terms of Use

Commonwealth Financial Network®