The National Bureau of Economic Research (NBER) announced Monday that the economy bottomed in April 2020, making the COVID-19 recession the shortest on record and the new expansion over a year old.
Since the first modern Olympic games in 1896, the competition has been a prestigious honor for the hosting country, but also a significant economic and structural undertaking. Billions of dollars are put toward the construction of new stadiums, lodging, and other facilities, not to mention the opening and closing ceremonies, which can bring in millions of additional costs.
We ran out of superlatives to describe corporate America’s stunning performance during first-quarter earnings season. Despite lofty expections, results exceeded expectations by one of the biggest margins ever. So what will companies do for an encore? We expect more good news this quarter as more of the economy has opened up, while also acknowledging the second quarter will almost certainly end up being the peak in earnings growth for this cycle. Here, we highlight what to watch.
Home. It’s one of the most sacred places on Earth. It’s where we share our lives with the most important people in our lives. It’s where we instill values and teach our children. It’s where we learn, grow, get better and make memories that last a lifetime. It’s the place where we create, design and carve out our own slice of paradise. It’s where we enjoy the presents of today and where we plan our tomorrows. It’s the place that, no matter what is going on around us, we can just be, quietly and safely, while taking stock of life. Home, such a simple word that connects us with so many feelings.
The S&P 500 was recently higher seven consecutive days for the first time since last August. Even more impressive, it made new highs all seven of those days. You have to go back to June 1997 to find the last time we saw a streak like that! Incredibly, this has happened only eight other times since 1950 and stocks were higher a year later every single time.
Every four years, Washington D.C. and Wall Street converge as Americans elect a president and Wall Street tries to figure out what the outcome means for the stock and bond markets. And since so many hypotheses on this topic abound, it’s hard to keep track of them all.
As the economic focus has frantically shifted from inflation concerns to peak growth fears to the Federal Reserve’s (Fed) tightening timeline in recent weeks, it can be helpful to take a step back and assess the broad economic trend with a diversified set of indicators.
As investors we fight against behavioral biases in every investment decision we make. Our Director of Research Marc Zabicki talked recently about some of these biases in this video. We become attached to our ideas and when we think about selling, “FOMO” kicks in—the fear of missing out. Buying is the easy part. But selling is hard.