Optimism combining 2 recent stimulus packages, the Fed buying $120 Billion of Government and Mortgage debt per month, warm weather, the economic re-opening and now a proposed 2 PLUS-Trillion-Dollar “infrastructure” plan has money pouring into the stock market. It was recently reported that more new money has entered the stock market in the last 5 months than the combined prior 12 years. That’s a huge WOW!! Kind of explains the market direction.
Questions on most investor’s minds; will this continue? How high will markets go? Will we ever have a true correction? Will all of this money cause inflation and catch people with their pants down? As always, time will tell!
Last week, most stocks rose with the Dow rising 1.99%, the S&P 500 2.76% and the Nasdaq leading the way, up 3.13%. Small caps bucked the weekly trend and were down (.46%). Over the pond, developed markets rose 1.81% with Emerging Markets down (.56%) Bond yields have stabilized for now, with the 10-year yield @ 1.67%. Looking forward to seeing the path of bonds as the economic activity starts to percolate as suggested by most.
Protect Your Identity
It is so critically important to protect your identity, email, financial accounts, and everything you do on-line. Cyber-Criminals are becoming excellent in learning how to scam and cause harm to your bottom line.
Over the last few years, I’ve received many calls from clients whose emails were hacked, credit card numbers stolen, social security numbers breached, etc. I’ve even had criminal hack a client’s email and attempt to have us send money to a third party. This criminal typed the email exactly how the client would have, as the criminal had access to the 10+ years of email history between us!
Give us a call or contact us to find out if we are giving any cyber security workshops soon (856) 354-3200 ext. 205
Here’s a post with some tips on staying cyber-safe during tax season.
